The Body Shop is to shut another 75 UK stores within the next six weeks, with the loss of 489 jobs. The high street skincare and cosmetics chain tumbled into administration earlier this month. Administrators from FRP Advisory said the latest closures will take place over the next four to six weeks as part of a heavy restructuring aimed at preserving the brand.
Category
🗞
NewsTranscript
00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 I bring you some breaking business news. The Body Shop is to shut another 75 UK stores
00:13 within the next six weeks with a loss of 489 jobs. The High Street skincare and cosmetics
00:20 chain fell into administration earlier this month. Administrators from FRP Advisory said
00:28 the latest closures will take place over the next four to six weeks as part of moves aimed
00:33 at preserving the brand. Last week, the retailer shut seven shops in its first phase of restructuring
00:41 after confirming plans to close nearly half of its then 198 UK outlets. So update this
00:47 morning from the Body Shop which has said it is going to shut another 75 UK stores within
00:53 the next six weeks with a loss of 489 jobs. My name is Greg Wright and I'm the Deputy
01:00 Business Editor of the Yorkshire Post.