Revived Body Shop is back in profit says new boss (#1687450)

time:2024-12-27 08:46:07 edit: Source:

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Sandra Halliday Published December 19, 2024 Reading time
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Revived Body Shop is back in profit says new boss

By

Sandra Halliday Published
December 19, 2024

The Body Shop appears to be bouncing back from its spectacular implosion earlier this year with news of profitability in the UK business, an acquisition of the Canadian business and expansion plans in the Middle East.


Reuters



First, that profitability bounce-back. The ethical beauty retailer saw a £2 million profit in its first three months following its purchase out of administration in September.

The company was placed into administration by its new owner Aurelius in February, even though the German private equity firm had only bought it the previous November. What followed was a break-up of the giant global business, as well as global store closures including 85 location being shuttered in the UK.