Several other UK high street brands have also gone into administration recently, including Debenhams and Topshop, due to higher interest rates, the cost of living crisis and increasing inflation seen in the UK over the last several months.
ADVERTISEMENTThe Body Shops French subsidiary could potentially face closure, with the company already in receivership and being left with only one bid to take it over. This bid is also unlikely to be much help, as it is only for a partial takeover. Unless more buyers are forthcoming soon, the company will be facing compulsory liquidation.
The Body Shop revealed that it had entered administration on 13 February 2024, and has been struggling since then, with several store closures and staff redund…
Read the full article at: https://www.euronews.com/business/2024/07/05/the-body-shops-french-subsidiary-takes-a-step-closer-to-liquidation