Aurelius news and archive

Footasylum to open new “landmark” store in Leeds

Footwear and sportswear retailer Footasylum is opening a new “landmark” store in the Trinity Leeds shopping centre in April, after a successful pop-up store in the centre last year. The new 12,000-square-foot store will be located on the lower ground floor, in the unit previously occupied by Superdry and opposite Mango. The retailer said the...

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Business

Footasylum posts strong FY24 trading results

Footasylum’ revenues for the full financial year increased by 7 percent to 319.5 million pounds, while online sales were up 15 percent to 134.9 million pounds and now account for 42.2 percent of total sales. In March, the company appointed David Pujolar as CEO, who has previously worked at AW Lab, Adidas, Foot Locker and Tommy Hilfiger. “We are...

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Retail

Body Shop suppliers left with 1 million dollars of unsold ingredients

As The Body Shop enters administration, its fair trade suppliers in Africa and the Amazon are grappling with the aftermath. Many find themselves burdened with significant stockpiles of ingredients, facing uncertainty about the prospect of selling them should stores be shuttered. Data unveiled by The Guardian indicates that several suppliers,...

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Business

The Body Shop to reportedly offload portion of European and Asian operations

The Body Shop is understood to be mulling the sale of a significant portion of its business in Europe and Asia, representing an estimated 14 percent of its global operations. The retailer confirmed the report in a statement to Cosmetics Business, where it further noted that the sale would not impact its business in the UK. The company told the...

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Business|Beauty

The Body Shop sold to Aurelius for 207 million pounds

British ethical beauty brand The Body Shop has been sold by Brazilian beauty group Natura &Co to international private equity group Aurelius for 207 million pounds. Natura &Co said the move to sell the retailer would allow the beauty group “to simplify and refocus its operations,” and allow it to accelerate the integration of the Natura and Avon...

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Business

Aurelius Group could soon be the owner of The Body Shop

In August The Body Shop was put up for sale by parent company Nature & Co, after the high street beauty giant failed to achieve a turn-around. Private equity firm Aurelius Group is currently in negotiations to acquire the chain, as reported by Reuters. This potential transaction may result in a valuation lower than the initially estimated 400...

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Business

FitFlop secures long-term funding to accelerate growth

Footwear brand FitFlop has secured a new five-year 30 million US dollar revolving credit facility from independent lender Aurelius Finance Company (AFC) to support its long-term growth ambitions. In a statement, the London-based wellness footwear brand said the new flexible funding would support increased investment in its branding, marketing...