Court Approves the Body Shop Canada Sale, About 100 to Lose Jobs as Some Stores Close

Court Approves the Body Shop Canada Sale, About 100 to Lose Jobs as Some Stores Close
The exterior of a Body Shop store is seen in Toronto on March 4, 2024. The Canadian Press/Chris Young
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An Ontario court has given The Body Shop Canada the approval it needs to sell the majority of its business to a private equity firm.

During a virtual hearing on Friday, Justice Peter Osborne allowed the cosmetics retailer to proceed with a sale to an affiliate of Markham, Ont.-based Serruya Private Equity Inc.