Macclesfield: The Body Shop go into administration
By Nub News Reporter
13th Feb 2024 | Local News
It looks like The Body Shop is about to head into administration.
The beauty and toiletries company, who operate one store in Macclesfield, put administrators in place today.
The future of their Macclesfield premises currently remains in limbo.
There are 206 The Body Shop stores in the UK, with Macclesfield's being on Mill Street.
The Body Shop were contacted for comment regarding administration, and the future of their Macclesfield store.
On Tuesday, they replied with the following statement regarding the administration of their UK business.
"Today, the Directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley, and Alastair Massey of business advisory firm FRP as Joint Administrators of the company, which operates The Body Shop's UK business," they said.
"Taking this approach provides the stability, flexibility and security to find the best means of securing the future of The Body Shop and revitalizing this iconic British brand. The Joint Administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course.
"The Body Shop remains guided by its ambition to be a modern, dynamic beauty brand, relevant to customers and able to compete for the long term. Creating a more nimble and financially stable UK business, is an important step in achieving this.
"The Joint Administrators will continue to trade the business in administration, ensuring customers will be able to continue to shop in store and online for their favourite products.
"The Body Shop has faced an extended period of financial challenges under past owners, coinciding with a difficult trading environment for the wider retail sector. Having taken swift action in the last month, including closing down The Body Shop At Home and selling its business across most of Europe and in parts of Asia, focusing on the UK business is the next important step in The Body Shop's restructuring.
"While there is no indication their Macclesfield store (as of publication) is closing, if it were to, the nearest store would be in Stockport. (Presuming that does not shut as well).