The Body Shop has introduced it’s closing half of its shops within the UK – together with seven right now and slicing 40% of roles at its London-based head workplace.
It comes after the embattled retailer entered administration final week, placing greater than 2,000 jobs in danger.
The Body Shop has roughly 200 retailers throughout the UK.
Administrators mentioned that the model’s present portfolio is now not viable after “years of unprofitability”.
The seven shops closing right now are:
• Surrey Quays (London)
• Oxford Street Bond Street (London)
• Canary Wharf (London)
• Cheapside (London)
• Nuneaton (Warwickshire)
• Ashford Town Centre (Kent)
• Bristol Queens Road (Bristol)
Following the closures “more than half” of the remaining 198 retailers will stay open, the directors mentioned, confirming Sky News reporting.
Roughly 40% of head workplace jobs are to go, the announcement mentioned with numbers falling to 400 full-time staff.
According to the most recent firm accounts, The Body Shop had 927 administrative workers and 1,641 retailer employees in 2022.
As a part of the restructuring there will probably be a “renewed focus” on merchandise, on-line gross sales channels and wholesale.
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Source: information.sky.com”