acquired-private-equity

The Body Shop Canada to close 33 stores, end online sales

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The Body Shop Canada will close nearly a third of its stores and end online sales as it seeks creditor protection, the Canadian subsidiary of the U.K. beauty and cosmetics shop announced Friday. A court filing showed the company owes more than $3.3 million to unsecured creditors and about $16,400 to secured creditors. The company did not say how many … Read more

From cult status to closure fears — what happened to The Body Shop?

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It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more