Home Business News High street hit with another blow as Body Shop to close half of stores with job losses

High street hit with another blow as Body Shop to close half of stores with job losses

by Amy Johnson LLB Finance Reporter
20th Feb 24 4:01 pm

The Body Shop are to cut almost half of their stores after the retail chain entered into administration last week.

The retail chain will cut 270 head office jobs as part of a restructuring programme, the group also employs 1,500 workers across the UK.

Hundreds of workers are expected to be made redundant due to the shop closures, on Tuesday seven shops have now closed for good.

Administrators from FRP Advisory said in a statement, “After years of unprofitability and following a full evaluation of The Body Shop’s UK business, the joint administrators have concluded that the current store portfolio mix is no longer viable.

“This swift action will help re-energise The Body Shop’s iconic brand and provide it with the best platform to achieve its ambition to be a modern, dynamic beauty brand that is able to return to profitability and compete for the long term.”

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