The Body Shop has hired administrators, putting thousands of jobs at the cosmetics chain at risk.
The retailer, which runs more than 200 shops across the UK, has appointed insolvency experts from FRP Advisory to oversee the process. FRP said the administrators will “consider all options to find a way forward for the business” after years of financial struggles and amid a challenging backdrop for shoppers.
The chain will continue to trade through stores and online during the administration process.
The retailer, which runs more than 200 shops across the UK, has appointed insolvency experts from FRP Advisory to oversee the process. FRP said the administrators will “consider all options to find a way forward for the business” after years of financial struggles and amid a challenging backdrop for shoppers.
The chain will continue to trade through stores and online during the administration process.
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NewsTranscript
00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:05 I bring you some breaking business news. The Body Shop has hired administrators, putting
00:12 thousands of jobs at risk at the cosmetic chain. The retailer, which runs more than
00:17 200 shops across the UK, has appointed insolvency experts and FRP advisory to oversee the process.
00:24 FRP said the administrators will consider all options to find a way forward for the business, after years of struggles and have been a challenging backdrop for shoppers.
00:34 The chain will continue to trade through stores and online during the administration process.
00:39 The retailer was founded in 1976 by Anita Roddick and her husband Gordon. It's one of the first
00:44 companies to promote ethical consumerism, focusing on ethically produced cosmetics and skin care products.
00:52 It comes only weeks after new owners, the European private equity firm Aurelius, took
00:56 control of the business. So, breaking news here, the Body Shop has hired administrators,
01:01 putting thousands of jobs at the cosmetics chain at risk.
01:05 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.