FAQ |
Members List |
Calendar |
Search |
Today's Posts |
|
Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics. |
Reply |
|
Thread Tools | Display Modes |
11-02-2024, 03:31 PM | #1 | |||
|
||||
Senior Member
|
Tragic another big store all over the UK
going under. The thing is most supermarkets sell body shop-type health food and pills. [The Body Shop's UK business is set to appoint administrators this week, in a move likely to result in shop closures and job losses. The owner of the company, set up in 1976 by the late Dame Anita Roddick, is expected to appoint experts to significantly restructure the retailer. The Body Shop was bought by private equity firm Aurelius just weeks ago. It is understood that trading over the key Christmas period and into January was not as strong as hoped. It also emerged that the Body Shop had insufficient working capital. The retailer's British business has more than 200 shops in the UK as well as its headquarters in London. The Body Shop also employs a significant number of staff. Restructuring expert FRP Advisory is likely to be appointed as the administrator in the coming days.] https://www.bbc.co.uk/news/business-68261784 Last edited by arista; 20-02-2024 at 03:35 PM. |
|||
Reply With Quote |
11-02-2024, 03:37 PM | #2 | |||
|
||||
This Witch doesn't burn
|
Used to love the Body Shop can't say I have used it for years though
__________________
'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
|||
Reply With Quote |
11-02-2024, 03:40 PM | #3 | |||
|
||||
Senior Member
|
|
|||
Reply With Quote |
11-02-2024, 06:36 PM | #4 | ||
|
|||
Member
|
Going into administration doesn't mean they are selling out or gone bust, it likely means they have a lot of debt and not enough working capital and so stood down and handed the business to another party. The asset strippers involved will likely make some changes and even close some of the shops but I doubt BS will be gone off our high streets.
|
||
Reply With Quote |
12-02-2024, 06:09 AM | #5 | |||
|
||||
Quand il pleut, il pleut
|
…are/were they still owned by L’Oreal, I’m not sure…?…L’Oreal aren’t known for their careful sourcing and fair trade standards so I’m not sure if Body Shop as a concept and brand have been ‘betrayed’ over the years…but obviously they provided jobs and incomes so that’s an important consideration also…it’s sad to see another iconic retail giant fall to the gods of administration….
|
|||
Reply With Quote |
13-02-2024, 03:37 PM | #6 | |||
|
||||
Senior Member
|
are/were they still owned by L’Oreal, I’m not sure
No Ammi they Dumped them [Bought by private equity firm Aurelius just weeks ago] Into Admin today and worse some of the USA Backers in charge, are thinking of Body Shop online no need for shops and staff etc. Sad Report on SkyNewsHD Business Last edited by arista; 13-02-2024 at 03:37 PM. |
|||
Reply With Quote |
13-02-2024, 04:50 PM | #7 | |||
|
||||
You know my methods
|
Go woke, bandwaggon with no knowledge
GO BROKE - good news |
|||
Reply With Quote |
13-02-2024, 05:07 PM | #8 | |||
|
||||
Senior Member
|
Body Shop UK jobs and stores
at risk in race to save firm [The Body Shop's UK business has entered administration, potentially putting up to 2,000 jobs at risk. The retailer's shops will remain open as usual while efforts are made to try to save the UK firm. Restructuring firm FRP, which has been appointed as the administrator, said it would now consider all options to find a way forward for the business. The Body Shop was started by the late Dame Anita Roddick in 1976 from a single shop in Brighton. It grew into a global brand, pioneering ethical trading and a stance against testing beauty products on animals. FRP Advisory said creating "a more nimble and financially stable UK business" was an important step in it becoming a modern beauty brand "relevant to customers and able to compete for the long term". The administrators are expected to try to substantially cut costs, including on property and rents which could lead to job cuts.] https://www.bbc.co.uk/news/business-68273424 |
|||
Reply With Quote |
13-02-2024, 05:13 PM | #9 | |||
|
||||
Senior Member
|
When she Started
she was filling bottles up in her first store revolutionary in business. But now she is dead, no one has kept her true Vision. |
|||
Reply With Quote |
13-02-2024, 05:16 PM | #10 | |||
|
||||
self-oscillating
|
She sold out her vision for a lot of money to L’Oreal. Her vision was to make cash, and she did
|
|||
Reply With Quote |
13-02-2024, 05:21 PM | #11 | |||
|
||||
Senior Member
|
|
|||
Reply With Quote |
14-02-2024, 04:21 PM | #12 | |||
|
||||
Senior Member
|
The Current Owners
want to sell it. Massive unknown debts are in there. Shops to stay open while they decide....................... |
|||
Reply With Quote |
20-02-2024, 03:34 PM | #13 | |||
|
||||
Senior Member
|
Half of the Shops to Close.
Admin has just announced so many job losses, soon. SkyNewsHD Business 4:30PM show Live |
|||
Reply With Quote |
20-02-2024, 03:37 PM | #14 | |||
|
||||
Senior Member
|
Quote:
Yes so much Debt they have said today Half of the Stores will close. SkyNewsHD BBCnewsHD |
|||
Reply With Quote |
21-02-2024, 07:12 AM | #15 | |||
|
||||
Quand il pleut, il pleut
|
…a few closed yesterday, didn’t they…so as the announcement was being made public, they were literally closing and many were jobless…it’s like watching your life in slow motion, just awful…administration/the process really is a corporate evil that’s underestimated in its impact on lives…these are the stores that closed yesterday apparently…
Surrey Quays, London Oxford Street, London Canary Wharf, London Cheapside, London Nuneaton, Ashford town centre, Kent Queens Road, Bristol |
|||
Reply With Quote |
21-02-2024, 07:13 AM | #16 | |||
|
||||
Quand il pleut, il pleut
|
…end of an era, Body Shop has been such a part of the UK high street…
|
|||
Reply With Quote |
21-02-2024, 07:17 AM | #17 | |||
|
||||
Senior Member
|
Quote:
|
|||
Reply With Quote |
21-02-2024, 07:27 AM | #18 | |||
|
||||
Quand il pleut, il pleut
|
…it would be interesting to have some images of the Oxford Street of the eighties and nineties and the Oxford Street of today and how many ‘retail giants’ of their time, no longer exist…Top Shop and HMV were two huge ones that dominated the street…
|
|||
Reply With Quote |
21-02-2024, 07:29 AM | #19 | |||
|
||||
You know my methods
|
apart from Selfidges id imagine none of them
|
|||
Reply With Quote |
21-02-2024, 07:32 AM | #20 | |||
|
||||
Senior Member
|
Quote:
Yes but HMV are now back Thanks to the Canada Owner Even bands can perform in there. Last edited by arista; 21-02-2024 at 07:39 AM. |
|||
Reply With Quote |
21-02-2024, 07:34 AM | #21 | |||
|
||||
🌈😈🌈👊🏾🌈👻🌈🫦🌈🔥🌈
|
mummy dont know daddy's getting hot at the body shop.
I wonder if this is related?
__________________
TiBB’s World Traveller Favourite countries I’ve been to: 🇧🇷🇲🇽🇬🇷🇪🇸🇯🇵🇳🇦🇺🇸🇨🇦🇺🇦🇳🇮🇵🇭 Evil countries: 🇻🇳🇲🇦🇷🇺🇮🇪 |
|||
Reply With Quote |
21-02-2024, 07:37 AM | #22 | |||
|
||||
Senior Member
|
The store that was USA Type Candy moved out and HMV Oxford Street Central returned to its original store, Ammi. Last edited by arista; 21-02-2024 at 07:40 AM. |
|||
Reply With Quote |
21-02-2024, 07:46 AM | #23 | |||
|
||||
The Italian Job
|
That's good. Those shops are a front to crime. They shouldn't be allowed to be open.
__________________
|
|||
Reply With Quote |
21-02-2024, 07:50 AM | #24 | |||
|
||||
Senior Member
|
|
|||
Reply With Quote |
03-03-2024, 07:50 AM | #25 | |||
|
||||
Quand il pleut, il pleut
|
The Body Shop administrators investigate claims of missing millions…
Administrators of The Body Shop are investigating claims that millions of pounds were taken out of the business before its collapse, The Telegraph can reveal. FRP, which took over the British arm last month after it fell into administration, is currently examining claims of unaccounted for funds predating the business’s sale to private equity group Aurelius. The investigation remains at an early stage. Senior MPs are now calling for a deeper review of The Body Shop’s failure amid swathes of job losses and store closures. Scrutiny about the circumstances of the business’s collapse will be heightened by figures seen by The Telegraph showing the company’s UK retail arm posted profits of £19m on revenues of £163m in the run-up to its collapse. Those figures account for The Body Shop’s 198 sites across the UK in 2023 but do not cover costs from the company’s global operations. According to the administrators, The Body Shop entity placed into administration last month included costs from the firm’s operations abroad, which led to it posting a £60m loss overall in 2022. However, the financial health of the day-to-day operations is likely to prompt further questions as to the circumstances surrounding the company’s administration. A separate row between The Body Shop’s former owners, Brazilian cosmetics giant Natura, and buyer Aurelius has also broken out over payments promised to around 30 former employees. Natura said it was “surprised and concerned” by claims that Aurelius has failed to make awards worth £3m, which were promised as part of the £207m sale agreement reached in November. An email sent by Natura last week and seen by The Telegraph said: “This is particularly concerning when Aurelius expressly agreed that The Body Shop would make these payments through its payroll, and Natura funded the cost through an agreed reduction in the purchase price of the business. “While we continue to pursue the matter with Aurelius, we have decided to make all cash value payments owed to The Body Shop employees (and former employees).” A source close to Aurelius said the payments were related to high-ranking employees and are to be treated like any other financial obligation by the administrator. Aurelius put The Body Shop’s UK operations into administration just three months after striking the £207m deal. It is understood that after completing the acquisition in January, Aurelius discovered that The Body Shop’s finances were allegedly in a worse state than expected, which sparked internal discussions over the firm’s due diligence. Aurelius emerged as the retailer’s top creditor before its insolvency and is understood to be in pole position to reclaim The Body Shop’s assets, shorn of debt, if no bidder materialises. It will not be responsible for redundancy payments. Wide-ranging concerns over the acquisition have fuelled political scrutiny, particularly as the taxpayer prepares to foot a multimillion-pound bill to cover redundancy costs. …full article… https://uk.yahoo.com/finance/news/bo...170000609.html |
|||
Reply With Quote |
Reply |
|
|