The Body Shop
This coverage analyses The Body Shop’s operations and strategy within the UK retail sector, focusing on store performance, sustainability initiatives, marketing campaigns, and executive decisions. Reporting provides insight into how the brand balances ethical values with commercial objectives, supporting retail managers, brand executives, and professionals interested in health, beauty, and responsible retailing.
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Feb- 2024 -26 FebruaryNews
Today’s news in brief-26/2/24
Frasers Group has announced the appointment of four new directors to its board, signalling a significant restructuring move. Among the appointees are David Al-Mudallal, the current chief operating officer, and Ger Wright, the managing director of Sports, who are elevated to executive director roles due to their notable contributions. Additionally,…
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26 FebruaryHigh Street
Next mulls Body Shop rescue bid
Next has reportedly approached administrators with plans to acquire some of The Body Shop’s assets, according to Sky News. The news comes shortly after The Body Shop collapsed into administration, with administrators at FRP Advisory announcing they expected to close nearly half of The Body Shop’s 198 stores at the…
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22 FebruaryNews
Today’s news in brief-22/2/24
Taxpayers are expected to cover millions in redundancy payments for laid-off staff at The Body Shop as the company undergoes restructuring. The company’s administrators plan to close nearly half of its stores, affecting over 2,200 employees. Only staff with over two years of tenure qualify for redundancy pay, with payments…
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22 FebruaryHigh Street
Taxpayers to foot bill for Body Shop redundancies
Taxpayers are set to pay millions of pounds to laid off staff at The Body Shop as the restructuring of the collapsed chain gets underway, The Telegraph has reported. Employees who have lost their jobs have reportedly been told to make claims through the government-backed redundancy payments service, which is…
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20 FebruaryHealth & Beauty
The Body Shop to reduce store estate by almost half as part of restructuring
FRP Advisory has announced that it expects keep “more than half” of the The Body Shop’s 198 store open at the end of its restructuring plans amid news it is closing seven stores today (20 February) in a bid to secure the future of the retailer. After years of unprofitability…
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19 FebruaryNews
Today’s news in brief-19/2/24
Nike has announced plans to cut 1,600 jobs, approximately 2% of its workforce, in response to disappointing sales figures in the latter half of 2023. This move comes as the company seeks to streamline operations and focus on key growth areas, such as running, women’s apparel, and the Jordan brand.…
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19 FebruaryFeatures
Why are many big brands going into administration?
2023 has been a tough year for the United Kingdom’s economy — and economic challenges have widely been echoed particularly in the retail sector, with profile retail giants such as Wilko going bust after efforts to rescue the company failed. In the footsteps of last year’s events, it appears that…
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19 FebruaryPeople Moves
Aurelius MD behind Body Shop buyout exits group
A dealmaker from Aurelius who helped lead its private equity takeover of The Body Shop has abruptly left the group only three months after the deal, The Telegraph has reported. Peter Wood, who had held the position of managing director at the asset management company, reportedly faced criticism over the…
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13 FebruaryHealth & Beauty
The Body Shop collapses into administration, 2,000 jobs at risk
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…
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12 FebruaryHealth & Beauty
The Body Shop set to appoint administrators
The Body Shop is reportedly set to appoint administrators from FRP Advisory, threatening “significant” shop closures and job losses, according to Sky News. On Saturday it was revealed that the skincare and cosmetics retailer is considering closing a significant number of shops, although the exact number remains unknown. The announcement…
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