The Body Shop, founded by Anita Roddick in the 1970s and known for its strong ethical values, is facing financial trouble and may face job losses and store closures. The company was sold to Aurelius just six weeks before Christmas, but weak trading over the holidays and insufficient working capital have resulted in the need for insolvency proceedings. FRP Advisory is likely to be appointed as administrators soon.
Anita Roddick, an environmental campaigner and activist, founded The Body Shop in 1976 and owned it for three decades until she sold it in 2006. Roddick’s strong ethical values were reflected in the company’s policies, such as refusing to stock products tested on animals and sourcing ingredients from natural products traded ethically.
After Roddick’s departure, the company changed ownership twice before being acquired by Aurelius in November. However, the future of The Body Shop remains uncertain as it faces financial difficulties. Critics have accused L’Oreal of departing from the company’s values when they purchased it for £652m in 2006.