Bank ending Body Shop lending facilities was key to administration decision

A cut in funding and a failure to find fresh financial backing were pivotal events leading to The Body Shop’s failure in February. DR A shortfall of at least £100 million arose after Aurelius acquired the retailer in November, much of which stemmed from HSBC’s decision to withdraw credit facilities, reported The Telegraph. HSBC is [...]read moreBank ending Body Shop lending facilities was key to administration decision