The Body Shop Canada Ltd.
May 21, 2024
As of April 24, 2024, 40 employees have reached out to us for representation in the Proposal proceeding of The Body Shop Canada (“TBS Canada”). We are collaborating with a Chartered Professional Accountant to determine the maximum legal claim amount for these employees. Our estimate suggests the 220 terminated employees could collectively claim over $2M.
Prior to TBS Canada’s insolvency, events linked to the acquisition of its parent company by Aurelius IV UK Acquico Eight Ltd. have significance. On March 10, 2024, we met with TBS Canada’s counsel and the Proposal Trustee, stressing the need for representation for the terminated employees, who are in a vulnerable position. Unfortunately, TBS Canada’s counsel and the Proposal Trustee disagree, believing representation isn’t necessary for the employees.
On April 24, 2024, we appeared before Justice Osborne of the Ontario Superior Court of Justice to schedule a motion to appoint Koskie Minsky LLP as Representative Counsel to the 220 employees terminated by TBS Canada. This motion has been scheduled for July 4, 2024.
We encourage you to visit this webpage regularly for latest updates, as we will continue to post new information as it becomes available.