The Body Shop signs exclusivity deal with consortium led by Auréa group

Pedestrians walk past a closed The Body Shop store on Oxford Street in London·Reuters
Reuters

(Reuters) - The Body Shop entered into an exclusivity agreement with a consortium led by investment firm focused on beauty and personal care Auréa group, the joint administrators of the struggling UK cosmetics retailer said on Wednesday.

The management team will be led by former Molton Brown CEO Charles Denton and the deal to buyout the retailer could be completed in the coming weeks, the administrators added.

(Reporting by Radhika Anilkumar in Bengaluru)