The Body Shop

Advised the owners of The Body Shop Australia (TBSA) in their divestment to L'Oreal International.

Henslow worked with TBSA executive management to develop a comprehensive turnaround plan that included short-term profit gains and long-term initiatives for growth. We realigned the business structure to support a new, more lean operating model, redesigned financial management practices and refocused the supply chain, product and property portfolios. When the critical strategic intervention period was completed, Henslow represented TBSA on its exit to L’Oreal International.

A longstanding and valuable brand in the beauty products sector in Australia.

A household brand, best known for their natural range of skin care, cosmetics, and perfume. Graeme Wise, Chairman of the Adidem Group, established TBSA franchise in 1983 with its first store in Melbourne and has grown the business to over 90 retail stores throughout Australia.

The Highlights

  • 22x


  • $50m - $100m

    EV range

  • +$10m

    Year one cost savings

A proven track record in the Australian and international markets

We were able to effectively conduct a thorough analysis and develop a sound understanding of the global and domestic retail environments to gain an in-depth knowledge of TBSA business. This work culminated in the shareholders of TBSA achieving an exceptional outcome on their exit of the business.

“Henslow are refreshing in that they have shown us they are able to focus quickly on the essential issues and work with management to put in place strong actions to achieve positive and immediate change”

Graeme Wise, Chairman & CEO