The Body Shop has announced that it is closing half of its stores in the UK – including seven today.
It comes after the embattled retailer entered administration last week, putting more than 2,000 jobs at risk.
The Body Shop has roughly 200 outlets across the UK.
Administrators said that the brand’s current portfolio is no longer viable after “years of unprofitability”.
The seven stores closing immediately are:
• Surrey Quays (London)
• Oxford Street Bond Street (London)
• Canary Wharf (London)
• Cheapside (London)
• Nuneaton (Warwickshire)
• Ashford Town Centre (Kent)
• Bristol Queens Road (Bristol)
Following the closures “more than half” of the remaining 198 outlets will remain open, the administrators said, confirming Sky News reporting.
Roughly 40% of head office jobs are to go, the announcement said with numbers falling to 400 full-time employees.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.
Source link
Post comments (0)