A QUESTION mark hangs over The Body Shop store in Golden Square, Warrington, today, after it was revealed the firm’s UK business is set to appoint administrators.
The move is likely to result in shop closures and job losses across the country where the company has more than 200 shops as well as a headquarters in London.
The company was founded in 1976 by the late Dame Anita Roddick. Since then it has changed hands three times and only weeks ago was bought by private equity firm Aurelius.
It is understood that trading over the Christmas period and into January was disappointing and it has also emerged that the Body Shop had insufficient working capital.
It is unlikely that the Body Shop brand will completely disappear from Britain’s High Streets. But there may be a focus on reducing costs, including on property and rents, as well as building up its online presence.
The Body Shop has always been well-known for its ethical trading ethos and its stance against testing beauty products on animals. It began in Brighton in the 1970s.
3 Comments
Another nail in the coffin of Golden Square.
Be a good idea to turn the whole shopping centre into a big block of apartments that would please WBC
Don’t give them ideas
I say turn the centre into a cinmea & arena