THE WHAT? The Body Shop’s administrators are hoping that the ethical beauty brand can retain tax benefits worth up to £66 million in order to reduce its future tax liability, if it can trade profitably again once it exits the bankruptcy process.
THE DETAILS According to a report published by Fashion Network, quoting The Times, should creditors support the proposed restructuring deal, they would be paid a dividend reflecting the value of the tax asset.
THE WHY? The Body Shop owner, Aurelius, placed the chain into administration shortly after it acquired the brand from Natura &Co for £207 million. It has announced the closure of some 75 UK stores as a result.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
