Asset management firm appointed by The Body Shop to advise on portfolio
Asset management firm Vedra Group has been appointed by The Body Shop to advise on its 113-strong store portfolio.
The retailer has recently secured a significant refinancing package, as its new owners look to reclaim its position as a global leader in the ethical beauty sector.
This comes as Vedra Group – which was founded in December 2023 by ex-John Lewis property boss Chris Harris – appoints David Wood, formerly of John Lewis and Arcadia, to its team as a consultant.
The group also recently appointed former M&Co head of property Kerry Northfold as asset manager.
Chris Harris said: “The acquisition of The Body Shop is fantastic news for British retail. Vedra Group are very excited to be working with Rob Wood and the in-house team on the revival of this iconic brand.”
The Body Shop’s remaining stores were saved from closure after the cosmetics brand was rescued out of administration by investment firm Aurea. The retailer had fallen into administration in February.