Cosmetics and skin care retailer The Body Shop filed for bankruptcy on Tuesday due to weaker customer demand. The announcement threatens the future of the brand in the UK, its more than 200 stores and thousands of employees. The insolvency administrators said the restructuring was intended to create “a more flexible and financially stable UK […]
Cosmetics and skin care retailer The Body Shop will close dozens of stores and cut hundreds of jobs. The company, which employs around 2,200 people and operates 198 stores in the UK, was forced to file for bankruptcy last week in an effort to become “financially stable”. On Tuesday, the insolvency administrators announced that they […]
The Body Shop will close almost half of its 198 stores across the UK after the company filed for bankruptcy last week. As part of a comprehensive restructuring, the cosmetics chain also plans to cut around 270 jobs at its headquarters. On Tuesday, it was announced that half of The Body Shop’s stores will be […]
