ADVERTISEMENT

The Body Shop closes nearly half of UK stores, cuts about 270 jobs

Additionally, approximately 270 head office jobs will be cut as part of a significant restructuring effort.

The Body Shop [BBC]

Additionally, approximately 270 head office jobs will be cut as part of a significant restructuring effort.

Administrators for the business disclosed that seven of its shops will cease operations permanently on Tuesday, February 20, 2024. These include stores located at Surrey Quays London, Oxford Street London, Canary Wharf London, Cheapside London, Nuneaton, Ashford town centre Kent, and Queens Road Bristol.

In a statement issued by administrators from FRP Advisory, it was revealed that "After years of unprofitability and following a full evaluation of The Body Shop’s UK business, the joint administrators have concluded that the current store portfolio mix is no longer viable."

ADVERTISEMENT

The move aims to revitalise The Body Shop's iconic brand and provide it with a stronger foundation to achieve its goal of becoming a modern, dynamic beauty brand capable of returning to profitability and competing effectively in the long term.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

You had me at 20 years old - Sowore pays tribute to his mum on 73rd birthday

You had me at 20 years old - Sowore pays tribute to his mum on 73rd birthday

Police arrest 20 suspected Yoruba nation agitators for invading Oyo Assembly complex

Police arrest 20 suspected Yoruba nation agitators for invading Oyo Assembly complex

Minister assures northerners that Tinubu has their best interests in mind

Minister assures northerners that Tinubu has their best interests in mind

Gunmen attack Benue APC guber aspirant, abduct wife, maid

Gunmen attack Benue APC guber aspirant, abduct wife, maid

My govt has come to break the chains that have held Rivers behind - Fubara

My govt has come to break the chains that have held Rivers behind - Fubara

23 inmates bag university degrees at Enugu Custodial Centre

23 inmates bag university degrees at Enugu Custodial Centre

Police arrest officer who threatened civilians with AK-47 in viral video

Police arrest officer who threatened civilians with AK-47 in viral video

FG says only banks will issue new national ID card to applicants

FG says only banks will issue new national ID card to applicants

Matawalle blasts northern elders who said electing Tinubu was a mistake

Matawalle blasts northern elders who said electing Tinubu was a mistake

Pulse Sports

Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve

Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve

Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges

Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges

ADVERTISEMENT
ADVERTISEMENT