THE WHAT? The Body Shop’s Interim CEO has stepped down with immediate effect following the completion of the ethical beauty retailer’s sale to Aurelius. Ian Bickley’s replacement is yet to be announced by the private equity firm.
THE DETAILS According to a report published by Fashion Network, quoting Retail Week as its source, a new boss will be announced ‘in due course’. Current owner Aurelius purchased The Body Shop from Natura &Co last year for £207 million.
THE WHY? The Body Shop said in a statement, per Retail Week, “Ian was a member of the former owner Natura &Co’s board when he stepped into the interim CEO role back in April 2023, tasked with transitioning The Body Shop to a more stable footing. In taking initial steps to turn around The Body Shop’s performance and steering the business through the sale process, he has achieved his goal. Now Aurelius is in place as the new owners, it is time to hand over leadership.”