The Body Shop subsidiary enters administration in France

PARIS - THE Body Stores French subsidiary company between In administration THURSDAY, In What East THE last In A run of bad news For THE sick beauty retailer.

THE Body Stores administration process East THE result of A toxic combination of overexpansion And underinvestment by pass the owners, And fierce competition In THE beauty walk.

He East Also part of A wider restructuring on THE part of Aurèle, THE private equity concern that acquired THE Body Shop Since Based in Brazil Nature & Co. in mid-November 2023. The agreement is valued THE retailer has 207 million books.

THE Body Shop had has been A pioneer sustainable beauty brand with A aim After he began In THE 70s, And It is unravel has had far-reaching effects.

In France, THE Body Shop deposit For bankruptcy with THE Paris commercial court two weeks There is. THE retail chain, with about 260 employees In France, NOW has A six months observation period granted by THE court, until autumn 2024, has put In place It is recovery plan For THE 66 stores In France.

That scenario mirrors THE challenges confronted by THE Body Shop In other rooms of THE world. On In North America, on March 1, THE retailer said he had just stopped operations In THE WE. It is canadian subsidiary company, with 105 stores through Canada, had begin restructuring procedure. All of those doors stay open For trade, but online sales were stop And THE liquidation of 33 stores had started.

On Feb. 29, THE Body Shop said he was closing 75 stores And laid disabled more that 480 employees In THE UNITED KINGDOM. Nine days Before, he said Seven stores would be be farm, exit 116 Locations quite operational through THE country.

A product Since THE Body Shop.

Aurelius put THE Body Shop In administration In THE UNITED KINGDOM. on Feb. 13. TO THE time, THE administrators said THE Body Shop would be continue has trade as they look For A Buyer of all Or rooms of THE business. THE retailer SO had about 200 stores And 2,568 employees throughout the country.

THE appointment of administrators has THE Body The store has arrived at A difficult time For brands And retailers look alike In THE UNITED KINGDOM., which are transaction with A decline In consumer trust, high inflation And soaring interest rates.

THE failure of THE UNITED KINGDOM. business East of particular importance. THE Body Shop was based by Anita Roddick in 1976 and together A model For sustainable beauty brands with "aim." Roddick, with her opposition has animal essay And to focus on sustainability In manufacturing And THE provide chain, Washington...