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Ontario court gives The Body Shop Canada approval to sell majority of business

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By the time the transaction closes, documents say about 600 employees, including 100 seasonal workers, will be issued termination notices, but roughly 500 will be rehired by the new owner

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.

Court documents show 59 properties owned by The Body Shop Canada will be purchased by Serruya. The Body Shop Canada had 72 stores earlier in the year and lawyers acting on its behalf say those not acquired will be liquidated after the deal closes Monday.

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