Published on 02/02/2015
The Body Shop International announces the acquisition of its Australia Franchise Business
The Body Shop announced today the completion of the deal to acquire, from Head Franchisee Mr. Graeme Wise the assets of Adidem Pty Limited, the company operating The Body Shop Australia since 1983. This acquisition will move the fifth biggest The Body Shop market’s retail sales from a Franchise operation to a Company-Owned market.
Over the last 32 years, Mr. Wise has built the business in Australia into a The Body Shop® market renowned for its excellence in service and strong brand values. Commenting on the deal, Mr. Wise said “In transferring ownership of the business to The Body Shop International, I am pleased that the future of the business will be in the best possible hands.”
Jeremy Schwartz, Chairman and CEO The Body Shop, said “I am delighted to welcome the talented teams in Australia who have contributed to build a successful business in this strategic market. I am very much looking forward to working with them and pursuing the development of The Body Shop values, culture and business in Australia.”
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