It’s never a good thing when even other royals are laughing at your scandals!
29.02.2024 - 12:47 / manchestereveningnews.co.uk
The Body Shop will close another 75 UK stores within the next six weeks, including three in Greater Manchester, it has confirmed. The high street skincare and cosmetics chain tumbled into administration earlier this month.
Administrators from FRP Advisory said the latest closures will take place over the next four to six weeks as part of a heavy restructuring aimed at preserving the brand. Some 489 jobs will be lost.
Last week, the retailer shut seven shops in its first phase of restructuring after confirming plans to close nearly half of its then-198 UK outlets. The latest announcement will leave the retail firm with 116 stores across the UK, including four stores still operating in Greater Manchester.
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On top of shop closures, FRP previously confirmed around 270 head office jobs are being axed at The Body Shop, or around 40% of head office roles. The Body Shop has stores in more than 70 countries, but only the UK business is affected by the administration.
Tony Wright, joint administrator, said: “In taking swift action to right-size The Body Shop UK store portfolio, we have stabilised the business and are providing the best opportunity for this iconic brand to have a long-term, sustainable future. The UK business continues to trade in administration, and we remain fully focused on exploring all options to take the business forward.”
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It’s never a good thing when even other royals are laughing at your scandals!
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