The Body Shop Ceases US Operations and Announces Closure of Multiple Stores in the UK and Canada
Monday, 11 March 2024, 17:26
A Strategic Decision
The Body Shop, a renowned British beauty and cosmetics chain, has made the strategic decision to cease its U.S. operations and close a significant number of stores in Canada and the UK.
Financial Struggles
The decision to close 82 stores out of a total of 198 in the UK comes in the wake of deepening financial struggles faced by the company.
Operational Changes
Following the closure of its U.S. arm on March 1, The Body Shop International, under the administration of FRP, announced plans to execute store closures in the UK over the next five weeks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.