The Body Shop files for bankruptcy, shuts down all US-based stores
Monday, 11 March 2024 The Body Shop, a UK-based cosmetics company known for its natural, sustainable, and cruelty-free products, has shut down its US operations and is set to close dozens of Canadian stores after filing for bankruptcy. The company faced challenges from high inflation, affecting traditional retailers operating in malls, particularly those targeting the middle class.
The Body Shop , Shuts Down US Operations.
The U.K.-based company made the announcement earlier this month after
filing for bankruptcy, 'The Hill' reports.
While U.S. operations have shuttered,
the company's Canadian subsidiary,
The Body Shop Canada Limited, has 105 stores.
33 of those stores...
Monday, 11 March 2024
