Foreign media reported that The Body Shop, a British skin care chain, has announced that it has gone into bankruptcy administration and has now appointed a bankruptcy administrator. It could affect its approximately 200 branches and thousands of jobs, but franchise stores are not expected throughout the world. to be affected.
The report quoted the company’s statement as saying that the receiver will consider all options to find a way out for the company and will announce the news to creditors and employees in a timely manner. The company will continue to operate during the takeover period, ensuring that customers can continue to purchase products in stores and online. The statement also stated that the takeover provides stability, flexibility and security for the future of the company and the regeneration of the brand. It also pointed out that the company was facing long-term financial challenges under the leadership of the previous owner, in as well as the difficult business environment of the entire retail industry.
The Body Shop was founded in Brighton, southern England, in 1976 by the late environmentalist and human rights campaigner Anita Roddick. It is known for promoting products that are natural, ethical and refuse animal testing. The company was bought by French cosmetics giant L’Oréal in 2006 and then sold to Brazilian cosmetics group Natura. It was then bought by private equity firm Aurelius Group in November last year for 207 million pounds. .
It is understood that The Body Shop has around 200 branches in the UK. In order to keep the number of branches similar to competitors such as Lush, up to 100 of them may be closed. Lush has 104 branches in the UK and Ireland. According to company information, in 2022, The Body Shop had 2,568 employees in the UK, of which 927 were in administrative roles and 1,641 were store staff.
#Body #Shop #verge #bankruptcy #stores #country #close #Real #time #news #Sankei #on.cc #东网
