The Body Shop has appointed administrators, putting thousands of jobs at the cosmetics chain at risk.
Why it matters
The appointment of administrators by The Body Shop, a well-known cosmetics retailer, raises concerns about the future of its stores and workforce, impacting thousands of jobs and potentially leading to store closures.
What the papers say
The Guardian reports that the appointment of administrators is likely to lead to job losses and store closures, threatening a crucial source of sales for a global network of small farmers and producers. The Independent and The Scotsman provide similar information about the appointment of administrators and the potential impact on jobs and stores. BBC News highlights the significance of The Body Shop's ethical trading ethos and its impact on the High Streets of Britain.
How we got here
The Body Shop, founded in 1976, was acquired by private equity firm Aurelius in November, and struggled with weak trading over the Christmas period and insufficient working capital.
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