Pedestrians walk bas a branch of The Body Shop in central London on February 12, 2024. The Body Shop, the near 50-year-old cosmetics company renowned for its ethical hair and skin products, is near bankrupt in the UK after poor Christmas trade, according to reports in British media.
Just a few weeks after the U.K. arm of the beauty brand was acquired by private equity firm Aurelius Investment, the company is reportedly appointing administrators, a move that could likely lead to job losses and store closures — although it's not yet clear whether stores in Canada will be affected.Pedestrians walk past a branch of The Body Shop in central London on Monday.
"This is a weak market for them, so they're just cutting their losses," Li said. "A very much-loved brand is now unfortunately on the chopping block." The Body Shop was founded in 1976 in Brighton, England, by Dame Anita Roddick. It focused on offering naturally inspired skin care, body care, hair care and makeup that was ethically and sustainably produced at a time when those practices weren't yet mainstream."The pre-digital disruptor, Anita Roddick and The Body Shop were brave, instinctive and unignorable," U.K. MP Peter Kyle wrote on X Monday., and today has about 110 standalone stores.