The Body Shop, a beloved ethical beauty brand founded by Anita Roddick in the 1970s, is currently facing financial challenges and may need to appoint administrators. Despite being acquired by Aurelius just six weeks before Christmas, weak trading over the holidays and insufficient working capital have led to the need for insolvency proceedings. It’s likely that FRP Advisory will be appointed as administrators soon, and many stores may be closed.
Anita Roddick, a well-known environmental campaigner and activist, established The Body Shop in 1976 and owned it for three decades until her departure in 2006. During her time as CEO, Roddick’s strong ethical values were reflected in the company’s policies, such as refusing to sell products tested on animals and sourcing ingredients from natural products traded ethically.
After Roddick left, The Body Shop changed hands twice before being acquired by Aurelius in November. While some may argue that selling to L’Oreal in 2006 for £652m was a departure from the company’s values, others say it was necessary to keep the brand alive. However, with financial difficulties looming large over The Body Shop once again, its future remains uncertain.