After bankruptcy in Great Britain
Cosmetics retailer The Body Shop also insolvent in Germany
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The cosmetics retailer The Body Shop has also filed for bankruptcy in Germany – a few days ago the company announced this for around 200 stores on the British Isles. 350 employees are affected here.
The cosmetics retailer Body Shop has also filed for bankruptcy for its branch in Germany. The company The Body Shop Germany GmbH filed a corresponding application with the Düsseldorf District Court, as can be seen from announcements by the court.
Düsseldorf lawyer Biner Bähr was appointed provisional insolvency administrator. According to the Federal Gazette, the chain had 66 stores and more than 350 employees in Germany in 2021. That year, the company recorded a total turnover of around 23 million euros in its stores in Germany. On Tuesday, the Body Shop had already filed for insolvency for its stores in its home country of Great Britain. The company operates more than 200 stores in the United Kingdom.
The company is owned by the German investment company Aurelius. The Body Shop was founded in 1976 by Anita Roddick and her husband Gordon and was one of the first companies to focus on ethically produced cosmetics and skin care products and to avoid animal testing in the production of its products.
Aurelius, based in Grünwald near Munich, had only acquired The Body Shop from the Brazilian group Natura in November 2023 for 207 million pounds (243 million euros). At that time, around 10,000 people worked for The Body Shop worldwide. The brand had previously belonged to the French group L'Oréal.
Aurelius recently agreed to sell the company's operations in most of mainland Europe and parts of Asia to an asset management company. For 2022, The Body Shop reported a pre-tax loss of £71 million and sales of £408 million. The company says it has a presence in 89 countries worldwide.
