The Body Shop ceases US operations, with plans to close dozens of stores in the UK and Canada
NEW YORK (AP) — The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain.
The Body Shop's U.S. arm ceased operations on March 1, according to a company announcement from earlier this month. And the brand's Canadian subsidiary commenced liquidation of 33 closing stores as part of wider restructuring proceedings.
These closings arrive just weeks after the U.K.-based retailer appointed insolvency administrators set to consider “all options to find a way forward” after years of financial struggles.
A spokesperson for FRP, the administrators hired by The Body Shop International, told The Associated Press Monday that they have also announced plans to shutter 82 of 198 stores total in the U.K. Those closings are expected to occur over the next five weeks.
FRP does not oversee The Body Shop's U.S. or Canadian subsidiaries. A spokesperson for The Body Shop North America did not immediately respond Monday to requests for further information.
In its March 1 announcement, The Body Shop Canada said it had filed for a notice of intention pursuant to the country's Bankruptcy and Insolvency Act “to obtain a stay” of its parent's administration proceedings in the U.K. — and “provide additional breathing room while it evaluates its strategic alternatives and implements certain restructuring initiatives.”
At the time, The Body Shop Canada said its total 105 stores were still open — but that the 33 closings, and end of online sales via Canada's e-commerce platform, were set to arrive “in the near term.”
Specifics about the timing of closings and liquidation for U.S. locations were not immediately provided.
The Body Shop, which founded by Anita Roddick and her husband back in...