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Body Shop sets deadline to save UK stores and jobs

June 7, 2024
in Business
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Body Shop sets deadline to save UK stores and jobs
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Once a dominant force in the 1980s and 1990s, The Body Shop has faced increasing competition from brands like Lush and Rituals, which also focus on natural beauty products.

The Body Shop was established in Brighton in 1976 by the late Dame Anita Roddick.

It began as a single shop in the seaside town and quickly grew into a global brand, known for its beauty offer, perfumes and ethical stance against animal testing.

Dame Anita and her husband Gordon sold the business to French beauty giant L’Oreal in 2006, much to the chagrin of some loyal followers who viewed the French beauty giant’s business at odds with The Body Shop’s ethos.

Since then, The Body Shop has changed hands twice, most recently to private equity firm Aurelius in late 2023.

Shortly after the acquisition, Aurelius placed the UK arm of The Body Shop into administration following disappointing sales over the key Christmas and January trading periods.

Credit: Source link

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