JOURNAL ARTICLE

The Body Shop Tips Into Insolvency Risking 2,000 UK Jobs.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Meddings, Sabah; Linsell, Katie 3 of 3

Abstract

The article discusses the administration of The Body Shop's UK business, which has jeopardized over 2,000 jobs and 200 stores. The retailer, owned by private equity firm Aurelius, appointed administrators from FRP Advisory to secure its future after acquiring it from Brazilian cosmetics company Natura & Co. for £207 million. Founded in 1976 by animal rights activist Anita Roddick, The Body Shop has struggled to compete with online rivals and adapt to changing consumer demands, reflecting a broader trend of declining major brands in Britain's retail landscape. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/02, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:175413751
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