default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Job Losses Likely as the Body Shop Lines Up Administrators

Brazil’s Natura mulls sale of The Body Shop.
The Body Shop is set to appoint administrators in a move likely to result in lost jobs and shop closures. (Shutterstock)

The Body Shop, the skincare and cosmetics retailer founded by the campaigner Anita Roddick in the 1970s, is set to appoint administrators in a move likely to result in lost jobs and shop closures.

The pan-European private equity investor Aurelius bought the company six weeks before Christmas but said trading over the festive period and early January had been weak.

The retail chain, which has more than 200 shops, also did not have enough working capital to continue trading in its current form.

Administrators at FRP Advisory are likely to be appointed as soon as this week to handle an insolvency process, Sky News reported, citing sources who said they expected the closure of a significant number of the stores. The Body Shop’s international businesses have already been sold to an unknown family office, according to Retail Week.

Roddick, an environmental campaigner, activist and entrepreneur, founded the Body Shop in Brighton in 1976. The company remained under her ownership for three decades, until she sold it in 2006. Roddick died the following year.

By then, The Body Shop had become synonymous with its ethical positions, including a refusal to stock products tested on animals and a sourcing of ingredients from natural products that are traded ethically.

Roddick’s decision to sell the business to the French corporation L’Oréal for £652 million ($822 million) attracted criticism from those who saw it as a departure from the company’s values.

The Body Shop has changed hands twice since then, ending up in the ownership of Aurelius in November.

By Rob Davies

Learn more:

Brazil’s Natura Sells The Body Shop to Aurelius in $254 Million Deal

The Brazilian cosmetics maker said the agreement includes a potential earn-out of £90 million, adding that both the sale price and the earn-out would be paid within five years of the transaction closing.

In This Article
Organisations

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Beauty
Analysis and advice on the fast-evolving beauty business.

Prose’s custom hair products have earned it a devoted following and $135 million in annual sales. Now, it’s hoping it can repeat its success with a new personalised skin care offering.


First with Gwyneth Paltrow and now with TikTok’s Gen-Z beauty queens, Kosas has charted a course to growth through rebranding, new products and customer base expansion.



view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024