The Body Shop, an iconic skincare and cosmetics retailer founded by Anita Roddick in the 1970s, is on the brink of financial collapse and may soon appoint administrators. This news comes after a difficult festive season and early January, during which the company struggled with weak trading. The company, which has over 200 shops, also lacks the working capital to continue operating in its current form.
Founded in 1976 by Anita Roddick, The Body Shop was known for its commitment to ethical practices, including a refusal to stock products tested on animals and sourcing ingredients from natural products traded ethically. Over the years, the brand’s popularity grew as consumers embraced its values and mission. However, in 2006, Roddick sold the business to L’Oreal, sparking controversy over whether this move aligned with the brand’s ethical values.
Despite this setback, The Body Shop continued to operate under different ownership until it was acquired by Aurelius in November. However, it seems that even under new ownership, the company is still facing significant challenges. According to sources close to the situation, FRP Advisory is expected to be appointed as administrators for The Body Shop. This could result in job losses and shop closures as the company tries to find a way out of its financial difficulties.
The future of The Body Shop remains uncertain as it faces closure or restructuring. Its international businesses have already been sold off, leaving only its UK-based stores remaining operational. Nevertheless, despite its struggles with financial issues over the years, The Body Shop will always be remembered for its commitment to environmental activism and ethical practices that made it one of the most popular beauty brands among consumers around the world.