[March 14th] The Body Shop ends US operations, plans UK and Canada stores closures

The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain.

The Body Shop’s U.S. arm ceased operations on March 1, according to a company announcement from earlier this month. And the brand’s Canadian subsidiary commenced liquidation of 33 closing stores as part of wider restructuring proceedings.

These closings arrive just weeks after the U.K.-based retailer appointed insolvency administrators set to consider “all options to find a way forward” after years of financial struggles.

A spokesperson for FRP, the administrators hired by The Body Shop International, told The Associated Press Monday that they have also announced plans to shutter 82 of 198 stores total in the U.K. Those closings are expected to occur over the next five weeks.

FRP does not oversee The Body Shop’s U.S. or Canadian subsidiaries. A spokesperson for The Body Shop North America did not immediately respond Monday to requests for further information.

Source: VN Express