The Body Shop is not gone from the UK high street.
That is the opinion of the retailers former CEO David Boynton, who has now weighed in on the embattled beauty brand’s current predicament.
Boynton said the administration of the business UK division is not a story of a failing brand or the challenges of high street retail.
Instead, in a LinkedIn post, he called the process a legal and opportunistic way to get tax payers, landlords and other small suppliers to fund a restructuring plan.
He said this method would allow the owners to exit with a huge upside in the future.
The Body Shops redundancy bills will reportedly be footed by the UKs taxpayers, after affected staff were told to make a claim to the Redundancy Payments Service.
The go…
Read the full article at: https://cosmeticsbusiness.com/the-body-shop-is-opportunistic-not-failing-says