Serruya Private Equity Acquires The Body Shop Canada

Consumer Discretionary · Canada · Undisclosed

Serruya Private Equity signed an agreement on December 6, 2024 to acquire substantially all of the assets of The Body Shop Canada out of creditor protection, through a mix of cash and assumption of certain liabilities, and entered a new franchise agreement with UK parent Aurea. The deal closed on December 16, 2024. Terms were not disclosed; court filings put creditor claims between $11.5 million and $12.5 million.