May 30, 2024 16:03 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Liquor policy case: Delhi court seeks ED's response on Arvind Kejriwal's bail plea | Shashi Tharoor's former PA arrested at Delhi Airport in gold smuggling case, Congress leader says 'law must take its own course' | Bihar man dies in Delhi hospital due to heat stroke amid record-breaking heatwave in national capital | Bengali film actress Rituparna Sengupta summoned by ED in ration distribution scam | Centre begins process of granting citizenship under CAA in West Bengal
The Body Shop collapses into administration in UK, puts over 2000 jobs at risk
The Body Shop
The Body Shop UK collapses into administration. Photo Courtesy: Wikimedia Commons/ShareAlike 4.0 International

The Body Shop collapses into administration in UK, puts over 2000 jobs at risk

| @indiablooms | 14 Feb 2024, 10:33 am

Cosmetic chain The Body Shop has collapsed into administration in the UK, leaving more than 2,200 jobs at risk.

The chain collapsed just less than three months after it was taken over by a private equity company.

German company Aurelius had bought the cosmetic chain  for £207m in November.

Aurelius confirmed it had appointed the accounting firm FRP Advisory as the administrator, raising concerns over the future of the business founded by the late environmental and human rights campaigner Anita Roddick in 1976, reported The Guardian.

In a statement, the administrators said: “Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley, and Alastair Massey of business advisory firm FRP as Joint Administrators of the company, which operates The Body Shop’s UK business.”

The Body Shop remained a popular brand in  the 1980s and 1990s but faced challenge and competition from newcomers in recent times.

The Body Shop started its journey in 1976 in Brighton, England with the opening of the first store.

It was founded by late environmentalist and human rights activist Anita Roddick.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.