• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick The Body Shop shuts down U.S. operations, with plans to close dozens of U.K., Canada stores
Editor's Pick

The Body Shop shuts down U.S. operations, with plans to close dozens of U.K., Canada stores

by March 12, 2024
by March 12, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The Body Shop is shutting down its U.S. operations after filing for bankruptcy.

The U.K.-based chain filed for Chapter 7 liquidation in New York last week, according to a court filing. The filing means the company’s U.S. operation will sell off certain assets to pay back its creditors. Earlier this month, the beauty store confirmed it had filed for restructuring in its home country, the United Kingdom, as well as in Canada.

While some stores in those countries will remain open, the chain indicated it was shuttering its remaining U.S. locations.

A Body Shop spokesperson did not immediately respond to a request for comment. According to The Guardian, some 50 locations in the U.S. were operational at the time of the bankruptcy filing.

Launched in 1976 in Brighton, U.K., by entrepreneur and rights activist Anita Roddick (using the name of an earlier store founded in Berkeley, California), Body Shop was acquired for the equivalent of $1.3 billion in 2006 by beauty giant L’Oréal. It subsequently changed hands again before being acquired by a private equity group in December for approximately $250 million.

But the company collapsed in February, with administrators citing mismanagement and a challenging retail landscape.

“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.

This post appeared first on NBC NEWS
You Might Also Like
  • Volkswagen braces for showdown with unions after warning of possible German plant closures
  • SEC issues summons for Gautam Adani, nephew on bribery allegations
  • Tesla’s law firm drafts Delaware bill that could salvage Musk pay package
  • Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Airbnb bans indoor security cameras for properties listed on its platform
next post
WFC Stock: A Step-By-Step Analysis to Better Time Your Entry

You may also like

Autoworkers hesitate on new contracts despite ‘record’ pay increases

November 11, 2023

Tesla recalls 1.8 million vehicles over unlatched hood issue

July 30, 2024

Lucid CEO steps down; EV maker plans to more than...

February 27, 2025

Chevron is buying Hess for $53 billion amid uncertainty in...

October 26, 2023

Warren Buffett — worried about impersonators — says he doesn’t...

October 23, 2024

Meta approves plan for bigger executive bonuses following 5% layoffs

February 22, 2025

Thales Reinforces Its eSIM Management Leadership With Google Cloud Certified...

March 1, 2023

White House freeze on federal aid won’t affect student loans,...

January 29, 2025

Largest U.S. sportsbooks join forces to tackle problem gambling

March 28, 2024

First Republic bank says deposits tumbled 40% to $104.5 billion...

April 26, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,631 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Zyn-maker Philip Morris announces $600 million...

    July 17, 2024

    ’60 Minutes’ producer leaves show, citing...

    April 23, 2025

    Southwest to get rid of open...

    July 26, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here