Body Shop in Stockport to remain open as retailer enters administration
By Alasdair Perry
1st Mar 2024 | Local News
Stockport's Body Shop store will remain open despite other closures across the country, the retailer has confirmed.
The chain entered administration on 13 February. 75 of its stores will close, and 116 will remain open.
The Body Shop's local store is based in Mersey Square, and has been confirmed of one of the 116 to remain trading.
The move into administration comes following "an extended period of financial challenges" for The Body Shop.
Business advisory firm, FRP, has been appointed as the administrator and it has said it will "consider all options" to find a way forward for the business.
A spokesperson said: "Taking this approach provides the stability, flexibility and security to find the best means of securing the future of The Body Shop and revitalizing this iconic British brand. The Joint Administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course."
The spokesperson added: "The Body Shop remains guided by its ambition to be a modern, dynamic beauty brand, relevant to customers and able to compete for the long term. Creating a more nimble and financially stable UK business is an important step in achieving this.
"The Joint Administrators will continue to trade the business in administration, ensuring customers will be able to continue to shop in store and online for their favourite products.
"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. Having taken swift action in the last month, including closing down The Body Shop At Home and selling its business across most of Europe and in parts of Asia, focusing on the UK business is the next important step in The Body Shop's restructuring.
The Guardian described The Body Shop as an 'ethical trailblazer' - "a business [that follows] strict ethical guidelines and still made healthy profits".
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