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The company completes the deal to acquire the Body Shop Australia.
February 4, 2015
By: Marie Redding
Senior Editor
The Body Shop announced today the completion of the deal to acquire the assets of Adidem Pty Limited, the company operating The Body Shop Australia since 1983, from head franchisee Graeme Wise. The Body Shop Australia is the company’s fifth largest retail location. Wise has been building the business in Australia for the past 32 years. He 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 / CEO, The Body Shop, commented: “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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