Bodyshop announces store closures and jobs cuts, some from today

PASIG CITY, PHILIPPINES - AUGUST 20, 2017: Customers enter a health and wellness store in a mall.

The Body Shop has announced today that half it’s UK stores would close, with the first seven closures happening today.

It will also be cutting staff by up to 40% at it’s London-based head office.

The seven stores announced as closing today include:

• Surrey Quays (London)

• Oxford Street Bond Street (London)

• Canary Wharf (London)

• Cheapside (London)

• Nuneaton (Warwickshire)

• Ashford Town Centre (Kent)

• Bristol Queens Road (Bristol)

Administrators said that the brand’s current portfolio is no longer viable after “years of unprofitability” and administrators reassured customers that more than half of the remaining 198 outlets will remain open.

The brand’s global franchise partners are reported unaffected.

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Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.