The Body Shop's French subsidiary had entered into administration.
The Body Shop’s French subsidiary entered into administration Thursday, in what is the latest in a run of bad news for the ailing
The Body Shop had been a trailblazing sustainable beauty brand with a purpose after it began in the ’70s, and its unraveling has had far-reaching effects.chain, with about 260 employees in France, now has a six-month observation period granted by the court, until fall 2024, to put in place its recovery plan for the 66 stores in France.
On Feb. 29, The Body Shop said it was closing 75 stores and laying off more than 480 employees in the U.K. Nine days prior, it said seven stores would be shuttered, leaving 116 locations altogether operational across the country.Aurelius placed The Body Shop into administration in the U.K. on Feb. 13. At the time, the administrators said The Body Shop would continue to trade as they look for a buyer of all or parts of the business.
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