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Coop Group in Pact With Body Shop

The Coop Group inks master franchising agreement for The Body Shop in Switzerland and Liechtenstein, and acquired The Body Shop Switzerland SA.

The Coop Group has inked a master franchising agreement for The Body Shop in Switzerland and Liechtenstein, and it has acquired The Body Shop Switzerland SA.

Ivan Levy, The Body Shop Switzerland’s co-founder, will remain at the company as chief executive officer.

The business, which counts 37 doors and generates annual sales of more than 30 million Swiss francs, or $26 million at current exchange, will be run autonomously within Coop Group. Coop operates supermarkets, perfumeries and restaurants, among other businesses.