Cosmetics giant The Body Shop is facing bankruptcy – consequences for German branches too. Closings and the sale of branches are imminent, according to multiple reports.
According to The Guardian, business did not pick up as hoped over Christmas, which is why bankruptcy is now inevitable. An insolvency administrator will be appointed this week. The approximately 200 branches in Great Britain are therefore facing closure. The cosmetics chain was founded in Brighton, England, in 1976. It sold “ethically sourced and nature-based ingredients from around the world, in packaging that was no-frills and easy to refill”