In November, the German buyout firm picked up The Body Shop as it announced the promise of reenergizing the UK cosmetics brand and helping to deliver “the next chapter of success.” Three months later, the company is under administration and is set to close about half of its 198 UK stores, threatening hundreds of jobs.
“The Body Shop has faced an extended period of financial challenges under past owners, coinciding with a difficult trading environment for the wider retail sector,” the administrators said in a statement according to Reuters.
The Body Shop has shaken up its C-suite team, appointing retail tycoon Mike Jatania (pictured) CEO to accelerate its growth plans. Jatania, who has served as Executive Chairman of the British beauty retailer since late 2024, has decades of operational experience and a strong track record of building consumer brands.
A Brand Built On Lies - The Body Shop’s Shameful Decline Into Irrelevancy - Behind The Beauty
What happened to the founder of the Body Shop?
Roddick died of a massive stroke at about 6:30pm on 10 September 2007, after being admitted to St Richard's Hospital, Chichester the previous evening suffering from a severe headache. As promised earlier, she left her estate to charities rather than to her family and friends.
The global beauty market has never been so saturated, says Whitbread, and ultimately, The Body Shop was unable to compete: “It's so competitive that to stand out, brands not only need high-performing products, but a strong social presence, transparent values and a distinctive tone of voice,” says Whitbread.
At the heart of The Body Shop's financial collapse was its complex financial structure, notably cash pooling. Overseas branches pooled funds into a UK-based account for centralised financial management.
Is there still a boycott call against The Body Shop? Naturewatch lifted the boycott call in 2018, after Natura announced its new policy. It was a major victory for campaigners, who had protested against the company for over ten years.
The Body Shop has been rescued from administration, in a deal that appears to secure the immediate future for 1,300 shop and office workers. A consortium led by the British cosmetics tycoon Mike Jatania has acquired the ethical beauty brand's 113 UK stores which remain trading, for an undisclosed sum.
Founded in 2021 by Mike Jatania, the British cosmetics tycoon with 35 years of experience in the industry, and Paul Raphael, former executive vice-chairman at UBS and Managing Director at Credit Suisse and Merrill Lynch, Auréa Group is focused on investments into digitally native brands in new age beauty, wellness and ...
The persistent weak performance of the Sussex-based beauty retailer, which is known for its natural and fair-trade ingredients, led L'Oreal to this decision. The Body Shop was once a brand known for its socially conscious products.
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It means that, combined with cost-cutting at the company's head office, between 750 and 800 people will be made redundant. However, The Body Shop will keep 116 UK stores open. The UK arm of the global beauty chain was put into administration earlier this month. Shops will be closed over the next four to six weeks.
Body Shop is back for good … and back in profit, new boss tells staff. The new boss of the Body Shop has told staff the struggling ethical beauty retailer is “back for good” after it booked a profit in its first 100 days under new ownership.
With increased competition in the market, including online from brands selling direct to consumer as well as the emergence of powerful players in the beauty space such as Ulta and Sephora, The Body Shop failed to gain traction in the U.S. Exiting the North America market and investing resources in restoring the ...
The Body Shop is shutting down 33 stores in Canada and stopping online sales. Some experts attribute the chain's downfall to increased competition in the ethical-beauty space.
The Body Shop rebrands skincare away from 'anti-ageing' message. The Body Shop is taking a stand against beauty's anti-ageing narrative by renaming one of its best-selling skincare ranges, 'Drops of Youth' to 'Edelweiss,' the namesake of the range's star ingredient.
Retailing is an industry that rarely sees collaborations, which makes the new partnership between Sephora and The Body Shop all that much more noteworthy: The Body Shop is announcing today that it has developed exclusive skin and body care items for Sephora, which will roll out to 170 of the retailer's 230 doors the ...
The Body Shop names Mike Jatania as CEO. The British brand has appointed Mike to the position, following his recent role as Executive Chair which he held from late 2024. He takes over from Charles Denton who said it has been a 'privilege to help set The Body Shop back on course'.
While The Body Shop was once available at duty-free shops in Chinese airports, the brand withdrew completely from the Chinese market in 2014 due to animal testing regulations.
