Is The Body Shop Mexico in danger? The company declared bankruptcy in the United Kingdom

Body Shop is a British cosmetics, skincare and fragrance company with a responsible environmental focus Cruelty-free.

newly, The company declared bankruptcy in United kingdomThe country you were born in, so the question arises: Is The Body Shop Mexico in danger too?

While The Body Shop will continue operations, Filing for bankruptcy in the UK It puts 2,200 jobs at risk.

The Body Shop has declared bankruptcy in the UK

Body Shop is a British company that manufactures and sells environmentally responsible and cruelty-free cosmetics, skincare and fragrances.

from Establishing The Body Shop in Brighton, United Kingdom in 1976The brand has established itself thanks to the quality of its products and its social values, which has made it expand to different countries, including Mexico.

Currently, the company employs approx 7 thousand people around the world, 2,200 of them are in LondonWhere its headquarters is located.

However, on February 13, 2024, The Body Shop has declared bankruptcy in the UK Nearly three months after it was acquired by the German company Aurelius.

The Body Shop will be managed by FRP Advisory

Aurelius Bought a body shop for £207 million (4,448 million Mexican pesos) In November 2023, this was confirmed Business cannot be maintained due to low sales during the holiday season.

In this context, The Body Shop came under the management of the accounting firm FRP consultation, He is responsible for providing business advice.

FRP consulting services include:

• Restructuring
• Corporate finance
• Debt advice
• Forensic accounting
• Financial advice

Which makes it one of the largest companies specialized in the United Kingdom in the field Corporate restructuring.

According to the media guardianOfficials said: “Focusing on the UK business is an important next step in… Restructuring The Body Shop.

For this reason, the administrators decided to adopt this approach because it “provides the stability, flexibility and security to find the best means to secure and revitalize the future of The Body Shop.”

Is The Body Shop Mexico in danger?

Body Shop It has gone through many owners after its founder, Anita RoddickI will sell it to Real In 2006.

The Brazilian company subsequently acquired The Body Shop nature In 2017, he sold it to a German Aurelius In November 2023.

Finally, in 2024, The Body Shop declared bankruptcy Impacting 2,200 jobs in the UK.

however, FRP Consultation He reported that The brand’s physical and online stores will continue to operate normally in other countries where it is present.

That’s why The Body Shop is not in danger in Mexico.