{"id":11747,"date":"2024-02-09T11:50:15","date_gmt":"2024-02-09T11:50:15","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/former-body-shop-owner-natura-writes-to-aurelius-over-unpaid-bonuses\/"},"modified":"2024-02-09T11:50:15","modified_gmt":"2024-02-09T11:50:15","slug":"former-body-shop-owner-natura-writes-to-aurelius-over-unpaid-bonuses","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/former-body-shop-owner-natura-writes-to-aurelius-over-unpaid-bonuses\/","title":{"rendered":"Former Body Shop owner Natura writes to Aurelius over unpaid bonuses"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div id=\"post-154333\">\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" class=\"entry-thumb\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/05\/shutterstock_557878996.jpg\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/05\/shutterstock_557878996.jpg 600w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/05\/shutterstock_557878996-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" alt=\"The Body Shop\" title=\"The Body Shop\"\/><\/div>\n<p>The former owner of The Body Shop Natura &amp; Co has written to the retailer\u2019s new owner Aurelius over unpaid bonuses worth up to \u00a33m owed to former employees.<\/p>\n<p>The beauty giant\u2019s legal counsel has contacted the private equity owner to enquire why previous staff have not received the long-term incentive grants they were due in their severance, Retail Week reported.<\/p>\n<p>The former employees of The Body Shop were owed their share of Natura\u2019s long-term incentive scheme at the end of January after the group offloaded the struggling business to Aurelius last year.<\/p>\n<hr\/>\n<h5 style=\"text-align: center;\"><strong>Subscribe to Retail Gazette for free<\/strong><\/h5>\n<p style=\"text-align: center;\"><span class=\"x_al\">Sign up\u00a0here\u00a0to g<\/span><span class=\"x_al\">et the latest news straight into your inbox each morning<\/span><strong><span class=\"al\">\u00a0<\/span><\/strong><\/p>\n<hr\/>\n<p>It is understood that employee bonuses were transferred to new owner Aurelius as part of the conditions of the \u00a3207m transaction.<\/p>\n<p>The funds, managed by Morgan Stanley on behalf of Natura, have disappeared from the app staff used to track the scheme.<\/p>\n<p>More than 20 former Body Shop employees are owed bonuses collectively worth between \u00a32m and \u00a33m.<\/p>\n<p>Last week, it emerged that Aurelius had sold parts of the beauty retailer\u2019s Europe and Asia business.<\/p>\n<p>The Body Shop\u00a0signed an agreement with \u201can international family office to sell its business in most of mainland Europe and in parts of Asia\u201d as it moves towards \u201cdelivering a strong turnaround strategy\u201d<\/p>\n<p><em><strong>Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n<footer>\n<\/footer>\n<\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former owner of The Body Shop Natura &amp; Co has written to the retailer\u2019s new owner Aurelius over unpaid bonuses worth up to \u00a33m [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-11747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=11747"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/11748"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=11747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=11747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=11747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}