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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

Credible reports suggest The Body Shop Australian business is facing a cashflow crisis as a result of the collapse of the UK parent company. The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business.

Shopping 290
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Natura & Co sells The Body Shop to Aurelius for US$259 million

Inside Retail

Beauty brand The Body Shop has been acquired by pan-European alternative investment firm Aurelius from Natura & Co for £207 million (US$258.69 The Body Shop has over 900 company-owned stores across 20 countries and has partnerships with franchisees operating 1600 stores in additional 69 geographies.

Shopping 261
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Forever New signs three-store deal in Kuwait

Inside Retail

Founded in Melbourne in 2006, the brand is known for its wearable and timeless collections that celebrate modern femininity, with over 400 retail and concession stores globally and over 30 million visitors to its websites each year. The collaboration will also expand Forever New’s online presence to 6thStreet.com in the UAE.

Apparel 264
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Sussan co-founder Marc Besen dies

Inside Retail

Together with his wife Eva and brother-in-law John Glandel, Besen began his entrepreneurial journey by taking over two lingerie shops established by Eva’s parents in 1939. Over the years, these two shops evolved into the Sussan clothing retail group, which included popular brands like Sportsgirl, Sussan , and Suzanne Grae.

Fashion 130
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Melbourne’s Design A Space to shut up shop after 17 years

Inside Retail

Founded by husband and wife team Chris and Bec Lutz in 2006, Design A Space rents physical floor space to independent brands hoping to showcase their goods to a metropolitan customer base. The post Melbourne’s Design A Space to shut up shop after 17 years appeared first on Inside Retail.

Space 130
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Bang & Olufsen re-opens Ealing showroom following refurbishment

Retail Focus

The showroom first opened on 18 March 2006, with a significant investment from husband-and-wife owners Stuart & Helen Melville, who committed to start a new venture: selling their home near Winchester, Hampshire, leaving friends and family and moving to Ealing. “The

Art 279
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How ‘ugly’ orthopaedic shoe company Birkenstock created a brand worth billions

Inside Retail

A shop shelf holding different Birkenstock styles and colours below a Birkenstock sign. Birkenstock’s ‘bubble up’ Momentum continued to build behind the brand, but in the UK at the time Birkenstocks were only available from Lusk’s shop or mail-order service and a standalone Birkenstock store. billion in 2006.

Fashion 245