On July 22, 2004, The Body Shop International plc, through two wholly-owned subsidiaries, the Body Shop Canada Ltd. of Canada and Buth-Na-Bodhaige Inc. in the US, acquired the head office and retail operations of its head franchisee in Canada, 94272 Canada Limited, carrying on business as the Body Shop Canada. The acquisition was worth C$26 million, payable in cash and shares of Body Shop International, and is subject to adjustment. The Canadian Body Shop operation is conducted through 111 stores across Canada of which 69 are owned by sub-franchisees.
Body Shop International was represented by Susan Flook, group general counsel, and by a team from Davies Ward Phillips & Vineberg comprised of Berl Nadler, Patrick Moyer, Darren Wasylucha and Brooke Jamison (corporate/commercial), Gregory Southam, Kent Beattie and Jeffrey Lem (commercial real estate), David Smith and Siobhan Monaghan (taxation) and Simon Lockie and Julie Soloway (competition and international trade).
Body Shop Canada was represented by M. Steven Alizadeh, and by Matthew Tevlin and Paul De Luca of Torkin Manes Cohen Arbus.
Body Shop International was represented by Susan Flook, group general counsel, and by a team from Davies Ward Phillips & Vineberg comprised of Berl Nadler, Patrick Moyer, Darren Wasylucha and Brooke Jamison (corporate/commercial), Gregory Southam, Kent Beattie and Jeffrey Lem (commercial real estate), David Smith and Siobhan Monaghan (taxation) and Simon Lockie and Julie Soloway (competition and international trade).
Body Shop Canada was represented by M. Steven Alizadeh, and by Matthew Tevlin and Paul De Luca of Torkin Manes Cohen Arbus.
