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The Body Shop Acquires Australia Unit From Franchisee

February 3, 2015: 12:00 AM EST
Beauty retailer The Body Shop said it has acquired the assets of Adidem Pty Limited, the company that has owned and operated The Body Shop Australia since 1983. Previous owner and franchisee Graeme Wise has built and expanded the retail business in Australia over the past 32 years. The deal sees the transfer of The Body Shop's fifth largest market from a franchise operation to a company-owned market.
"The Body Shop International Announces the Acquisition of its Australia Franchise Business", PR Newswire, February 03, 2015, © PR Newswire Association LLC
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