A Dutch court has declared the Belgian branch of British cosmetics chain The Body Shop bankrupt.
The Body Shop earlier went into liquidation in the UK, the company’s home country. A consultancy firm was appointed to deal with the bankruptcy and restructure UK operations, with a view to a relaunch.
The Body Shop Belgium has now also collapsed. The Belgian web shop closed earlier. The Body Shop Belgium has fewer than 20 branches. Most of these shops had already closed pending fresh developments.
Dutch receivers have the job of dealing with the bankruptcy because legally the shops fall under the Dutch division The Body Shop Benelux.
Founded in 1976 by Anita Roddick the chain did ground-breaking work on providing ethically sourced, …
Read the full article at: https://www.vrt.be/vrtnws/en/2024/02/29/the-body-shop-bankrupt-belgium-anita-roddick/