Wigan jobs at risk as The Body Shop looks set to go into administration

There are fears that popular cosmetics brand The Body Shop is on the brink of collapse as it desperately seeks a rescue package.
Watch more of our videos on Shots! 
and live on Freeview channel 276
Visit Shots! now

The retail chain, which has a store in the Grand Arcade in Wigan town centre, is set to appoint administrators.

The brand’s founder Dame Anita Roddick initially sold the brand to L’Oréal in 2006 for £652m before it was passed to Natura in an £880m deal.

Hide Ad
Hide Ad

The retailer was then purchased by private equity firm Aurelius in November last year.

Body Shop Grand ArcadeBody Shop Grand Arcade
Body Shop Grand Arcade

It is understood that trading over the key Christmas period and into January was not as strong as anticipated.

Read More
New peer support group set up in Wigan borough to help with recovery from addict...

The retailer's British business has more than 200 shops in the UK and employs a significant number of staff.

It has been reported that restructuring expert FRP Advisory is likely to be appointed as the administrator in the coming days.

It is believed that the brand won’t disappear from the high street altogether and the focus will shift to reducing its costs, including on property and rents, as well as increasing its online presence.

Related topics: