News Formal

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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 14 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 173%
  • Publisher: 92%

Canadian News Noticias

Canada News,Breaking News Video,Canadian Breaking News

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.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 5. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Ontario Invests $2.5 Million in Northern Ontario Film and Television IndustryThe Northern Ontario Heritage Fund Corporation (NOHFC) is committing $2.5 million to boost the film and television industry in northern Ontario, creating jobs and supporting local talent. Projects such as 'Driven' and 'The Embers and The Stars' are benefiting from this support.
Fuente: SooToday - 🏆 8. / 85 Leer más »