The Body Shop collapses into administration, 2,000 jobs at risk
It is understood that the private equity firm was unsuccessful in its plan to revive The Body Shop’s fortunes after underwhelming trading
The Body Shop UK has collapsed into administration, in a move that could see up to 2,000 jobs at risk.
German buyout company, Aurelius, confirmed that it has appointed FRP Advisory as administrator following the group’s collapse in the UK. The retailer’s international business will not be affected by the collapse.
The news comes less than three months after Aurelius took over the brand for £207m, putting hundreds of jobs at risk at the beauty chain.
It is understood that the private equity firm was unsuccessful in its plan to revive The Body Shop’s fortunes after underwhelming trading over the crucial Christmas and New Year trading period.
According to The Body Shop, appointing administrators “provides the stability, flexibility and security to find the best means of securing the future of The Body Shop and revitalising this iconic British brand”.
The retailer added in its statement: “The joint administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course.”
The Body Shop, which was founded in 1976 by the late environmental and human rights campaigner, Anita Roddick, has more than 200 UK stores and employs more than 2,000 people within the UK.
