The Body Shop Investigated for Missing Millions, Telegraph Says

The Body Shop is under investigation for allegedly taking millions of pounds from the company before falling into administration in February, The Telegraph reported on Sunday.

The cosmetics retailer entered administration last month after private equity firm Aurelius Capital Management agreed to purchase the company from Brazilian conglomerate Natura & Co. for £207 million ($262 million).

Administrators FRP Advisory is in the early stage of the investigation of the money unaccounted for predating The Body Shop’s sale to Aurelius, according to The Telegraph. The Body Shop posted profits of £19 million on revenues of £163 million leading up to its ...