Placed in receivership by the Paris Commercial Court on April 4, The Body Shop France, the French entity of British cosmetics retailer The Body Shop, was placed in compulsory liquidation on July 17. As expected, the only remaining partial takeover bid, that of Berger International, which had been revised downwards, was not accepted.
The Body Shop shops in France closed on Sunday July 14. The Body Shop, which opened its very first shop in Paris in 1982, had 60 shops and 293 employees in France. According to LSA, some of the company’s stock has already been sold to Mistigriff and Normal.
While the receivership signals the end of the brand’s presence in France, the situation seems to be gradually coming to an end for the parent company in the UK. According to the administrators, The Body Shop International is close to an agreement with the consortium led by Aurea. If an agreement is reached, the new team would be led by Charles Denton, former managing director of the Molton Brown beauty brand.
Copyright © 2024 FashionNetwork.com All rights reserved.
Published September 19, 2024 Footasylum is to upsize its flagship store at the Merry Hill mall with the shoe and streetwear retailer set to triple
Published September 19, 2024 Long-standing Covert Garden retail resident Oakley has reimagined its sports eyewear store, and is set to reopen the L
Published September 19, 2024 Cart.com, a provider of unified commerce and logistics software and services, has announced the appointment of Ilias S
Caroline Rush has announced that she is stepping down from her role as chief financial officer of the British Fashion Council, a role she has held for 15 years.