The Body Shop’s UK business is set to appoint administrators this week, in a move likely to result in shop closures and job losses.
The owner of the company, set up in 1976 by the late Dame Anita Roddick, is expected to appoint experts to significantly restructure the retailer.
The Body Shop was bought by private equity firm Aurelius just weeks ago.
The Body Shop was bought by private equity firm Aurelius just weeks ago.
It also emerged that the Body Shop had insufficient working capital.
The retailer’s British business has more than 200 shops in the UK as well as its headquarters in London. The Body Shop also employs a significant number of staff.
Restructuring expert FRP Advisory is likely to be appointed as the administrator in the coming days.
It is highly unlikely that the Body Shop brand will completely disappear from Britain’s High Streets. But there will be a focus on reducing its costs, including on property and rents, as well as building up its online presence.
There are hopes it will be restructured to better compete with brands such as Lush, perhaps best-known for its bath bombs, which is popular with younger shoppers.
The Body Shop’s UK business is set to appoint administrators this week, in a move likely to result in shop closures and job losses.
The Body Shop was bought by private equity firm Aurelius just weeks ago.
The owner of the company, set up in 1976 by the late Dame Anita Roddick, is expected to appoint experts to significantly restructure the retailer.
It also emerged that the Body Shop had insufficient working capital.
The Body Shop was bought by private equity firm Aurelius just weeks ago.
The Body Shop was bought by private equity firm Aurelius just weeks ago.
It also emerged that the Body Shop had insufficient working capital.
The retailer’s British business has more than 200 shops in the UK as well as its headquarters in London. The Body Shop also employs a significant number of staff.
Restructuring expert FRP Advisory is likely to be appointed as the administrator in the coming days.
It is highly unlikely that the Body Shop brand will completely disappear from Britain’s High Streets. But there will be a focus on reducing its costs, including on property and rents, as well as building up its online presence.
There are hopes it will be restructured to better compete with brands such as Lush, perhaps best-known for its bath bombs, which is popular with younger shoppers.
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