The Body Shop has been bought out of administration by a consortium led by Mike Jatania, the millionaire tycoon behind the investment firm Auréa. The deal is expected to save over 1,000 jobs, with no further store closures immediately planned. Jatania said: “We plan to focus relentlessly on exceeding their expectations by investing in product innovation and seamless experiences across all of the channels where customers shop while paying homage to the brand’s ethical and activist positioning.”