Ownership Transformation and Strategic Reset Following a rocky year in which The Body Shop Canada closed many stores and sought creditor protection, the business was purchased by Serruya Private Equity, led by Michael Serruya. The deal, finalized in December 2024, included assuming liabilities of more than $11.5 milliont.
Now fully Canadian-owned and headquartered in Markham, Ontario, The Body Shop Canada is empowered to operate as an independent, values-driven retailer. Charles Denton, CEO of The Body Shop International, commented, “We’re delighted to welcome The Serruya Group as our Head Franchisee for Canada.
Their extensive experience in leading omnichannel businesses makes them the ideal partner for this market. We look forward to collaborating to build a strong platform for growth”.
New Leadership, Community Focus, and Growth Plans Michael Roden, a proven retail veteran with experience leading Thrifty’s Inc.—has taken the helm as President, with a sharp focus on youth, inclusivity, and engagement…