Beauty Industry, Mergers and Acquisitions

The Body Shop UK Shuts Down 75 Locations

The Body Shop will cut 489 jobs in its restructuring and keep 116 stores open.

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By: Rachel Klemovitch

Assistant Editor

The Body Shop UK has announced more of its restructuring plans. Over the next few weeks, 75 shops will be shut down and about 489 jobs will be cut. 
 
According to the BBC, the FRP Advisory will close stores over the next four to six weeks. Despite these cuts, FRP also claimed it would support staff through the Redundancy Payments Service—a government-supported program funded by national insurance contributions. 
 
Through FRP’s analysis, it found between 750 and 800 people will be made redundant with the cost-cutting plans at The Body Shop’s head office. 
 
FRP Advisory’s Tony Wright commented: “In taking swift action to right-size The Body Shop UK store portfolio, we have stabilized the business. We remain fully focused on exploring all options to take the business forward.”

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The fashion retailer Next has recently inquired about acquiring The Body Shop UK assets. Also in Asia and Europe, The Body Shop has already sold part of its business
 
 

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