business news in context, analysis with attitude

•  From the BBC:

"The Body Shop's UK business is set to appoint administrators this week, in a move likely to result in shop closures and job losses.

"The owner of the company, set up in 1976 by the late Dame Anita Roddick, is expected to appoint experts to significantly restructure the retailer.

"The Body Shop was bought by private equity firm Aurelius just weeks ago.

It is understood that trading over the key Christmas period and into January was not as strong as hoped.

"It also emerged that the Body Shop had insufficient working capital."