What happened to The Body Shop UK?
United Kingdom After restructuring, 82 UK stores were closed and 489 jobs were lost, with a further 329 jobs axed at the company’s head office. On 17 May 2024, FRP Advisory announced that the Body Shop’s UK business and assets would be put up for auction after plans for a company voluntary arrangement fell through. The Body Shop will close 75 shops in the UK over the coming weeks and cut 489 jobs, according to the firm overseeing its restructuring. It means that, combined with cost-cutting at the company’s head office, between 750 and 800 people will be made redundant. However, The Body Shop will keep 116 UK stores open.The Body Shop is shutting down 33 stores in Canada and stopping online sales. Some experts attribute the chain’s downfall to increased competition in the ethical-beauty space.Body Shop is back for good … and back in profit, new boss tells staff. The new boss of the Body Shop has told staff the struggling ethical beauty retailer is “back for good” after it booked a profit in its first 100 days under new ownership.Update: 9 September 2024: The Body Shop brand has been rescued from administration, with investment firm Aurea acquiring it. The Body Shop’s remaining 113 stores will continue trading. When the brand went into administration in February 2024, 82 stores closed for good.
Why can’t you order Body Shop online?
On March 1, the Body Shop Canada Ltd. Bankruptcy and Insolvency Act. The Body Shop fell into administration on Tuesday 13 February, with insolvency firm FRP Advisory overseeing the process. This came after private equity firm Aurelius, which specialises in turning around troubled companies, took control of The Body Shop’s operations at the start of this year.The Body Shop will close 75 shops in the UK over the coming weeks and cut 489 jobs, according to the firm overseeing its restructuring. It means that, combined with cost-cutting at the company’s head office, between 750 and 800 people will be made redundant. However, The Body Shop will keep 116 UK stores open.In November 2023, Natura sold it to Aurelius. On 13 February 2024, it was announced that Aurelius had put the UK business of the Body Shop into administration, that the chain would close up to half of its 198 stores in the UK, and that the number of staff at the chain’s head office would be reduced by 40%.In November, the German buyout firm picked up The Body Shop as it announced the promise of reenergizing the UK cosmetics brand and helping to deliver “the next chapter of success. Three months later, the company is under administration and is set to close about half of its 198 UK stores, threatening hundreds of jobs.
Why did people boycott The Body Shop?
So what was behind The Body Shop boycott and how ethical is the company now? Hundreds of consumers declared a boycott of The Body Shop in 2006, after its owner sold the cruelty-free brand to cosmetics giant L’Oreal – which was well-known for testing on animals. Hundreds of consumers declared a boycott of The Body Shop in 2006, after its owner sold the cruelty-free brand to cosmetics giant L’Oreal – which was well-known for testing on animals. The boycott called for The Body Shop owner to end animal testing – and saw a major success in 2018.Animal welfare activists have called for a boycott of the Body Shop after its founder Anita Roddick and fellow shareholders sold out to French cosmetics giant L’Oreal for £652m. The boycott was called by Naturewatch and backed by Uncaged.
Who is the new owner of The Body Shop?
The Body Shop has been rescued from administration, in a deal that appears to secure the immediate future for 1,300 shop and office workers. A consortium led by the British cosmetics tycoon Mike Jatania has acquired the ethical beauty brand’s 113 UK stores which remain trading, for an undisclosed sum. The Body Shop Outlet offers a range of ethical cosmetics, skincare products and perfumes at up to 70% off RRP.Retailing is an industry that rarely sees collaborations, which makes the new partnership between Sephora and The Body Shop all that much more noteworthy: The Body Shop is announcing today that it has developed exclusive skin and body care items for Sephora, which will roll out to 170 of the retailer’s 230 doors the .The Body Shop International Limited, trading as the Body Shop, is a British cosmetics, skin care, and perfume company founded in 1976 by Anita Roddick, who opened her first store in Brighton, England. The company is now based in London Bridge and Littlehampton, West Sussex, and is currently owned by Auréa Group.Some experts attribute the chain’s downfall to increased competition in the ethical-beauty space. The Body Shop is “no longer cool” as the brand closes its doors after 36 years in the beauty industry.
Why is The Body Shop closing down?
Some experts attribute the chain’s downfall to increased competition in the ethical-beauty space. The Body Shop is “no longer cool” as the brand closes its doors after 36 years in the beauty industry. With increased competition in the market, including online from brands selling direct to consumer as well as the emergence of powerful players in the beauty space such as Ulta and Sephora, The Body Shop failed to gain traction in the U. S. Exiting the North America market and investing resources in restoring the .Despite being the go-to for ‘smellies’ in the 90s, the brand failed to move with the times. As consumers became more sophisticated about the cosmetics they use and other brands became cruelty-conscious, The Body Shop lost its USP and never found a new one.Despite being the go-to for ‘smellies’ in the 90s, the brand failed to move with the times. As consumers became more sophisticated about the cosmetics they use and other brands became cruelty-conscious, The Body Shop lost its USP and never found a new one.