The Body Shop Canada sells majority of its business, 100 workers to lose jobs

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, a judge allowed the cosmetics retailer to proceed with a sale to an affiliate of Markham, Ont.-based Serruya Private Equity Inc.

The Body Shop Canada sells majority of its business, 100 workers to lose jobs
A woman and her dog walk by a storefront with a sign reading The Body Shop.

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, a judge allowed the cosmetics retailer to proceed with a sale to an affiliate of Markham, Ont.-based Serruya Private Equity Inc.