Poltics
There are fears of store closures and job losses as The Body Store is reportedly region to nominate directors for its UK exchange this week. The firm was region up in 1976 by the lifeless Dame Anita Roddick.
Nevertheless, in accordance to experiences, it’s now more probably to bring in directors this week to restructure the exchange. The firm was taken over by non-public equity firm Aurelius handiest weeks within the past.
In retaining with a BBC checklist, Christmas trading was no longer as expected. It also reported that The Body Store didn’t own ample working capital to proceed in its recent make.
The Body Store has greater than 200 stores within the UK, the bellow of a important different of of us. It has its HQ in London.
The BBC reported that restructuring educated FRP Advisory was more probably to be appointed as the administrator within the arrival days. It is miles more probably to search at costs, including excessive avenue property and lease costs. It could maybe well well emerge with a stronger focal point on its on-line presence and in a nearer situation to compete with brands such as Lush.
Founder Dame Anita offered the firm in 2006 to L’Oreal, the French beauty massive, for £652m – a pass that some understanding went in opposition to its ethical trading roots. She died the following three hundred and sixty five days. Since then, The Body Store has modified hands three instances. L’Oreal offered the firm to Brazilian beauty massive Natura in 2017 for £880m sooner than Aurelius bought the firm for £207m in lifeless 2023.
On its internet shriek, The Body Store says it employs 10,000 of us with a additional 12,000 team thru franchises. It adds that it operates in around 3,000 stores in greater than 70 worldwide locations. In January it mentioned it was promoting its exchange in most of mainland Europe and in ingredients of Asia.
It suggested Retail Week: “This additional prioritises The Body Store’s strategically important markets and world head franchise accomplice relationships, which this could well well look for opportunities to construct. The Body Store will also focal point on more successfully reaching customers by strengthening digital platforms, increasing unusual sales channels, and by approach of differentiated retail experiences.”
The Body Store and Aurelius declined to comment when approached by the BBC.
Myth Saved
You’ll be in a position to stumble on this checklist in My Bookmarks.Or by navigating to the consumer icon within the stay factual.