The Body Shop files for bankruptcy, shuts down all US-based stores

March 11, 2024 11:42

The UK-based cosmetics company, The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations after filing for bankruptcy, CNN reported.

Earlier this month, The Body Shop, in an official release, announced that its US subsidiary was no longer operational, effective March 1. It further added that 33 of its 105 stores in Canada will begin liquidation sales immediately and "online sales via Canada's e-commerce store will stop," but that all Canadian locations will remain open for the time being, reported CNN.

According to reports, high inflation in recent years has affected traditional retailers, particularly those like The Body Shop, which predominantly operated out of malls and were aimed at the middle class.

The UK-based cosmetics company, founded in 1976 by human rights activist and environmental campaigner Anita Roddick, is known for products it markets as natural, sustainable, ethical and cruelty-free. It was one of the first companies to prohibit testing on animals for many of its products, according to CNN. -- PTI

« Back to LIVE

TOP STORIES

Opposition forces repeated Parliament adjournments over NEET issue

The opposition caused repeated disruptions in Parliament Friday over the NEET paper leak issue, with both Houses being adjourned for the day without transacting much business apart from the Rajya Sabha taking up the Motion of Thanks for...

Hemant Soren released from jail after 5 months

The high court of Jharkhand on Friday granted bail to former chief minister Hemant Soren in a money laundering case linked to a land scam.

POCSO case: Yediyurappa paid money to assault victim, says chargesheet

The CID, probing charges against Yediyurappa of sexually assaulting a minor girl, has alleged in the chargesheet that he and three other accused paid money to the alleged victim and her mother to buy their silence.

The moment when a portion of Delhi airport roof came crashing down

There was no loud noise of anything breaking when the rods of a portion of a roof collapsed at the Delhi airport's Terminal-1, Krishna Kumar, a cab driver who was at the site of the incident, said on Friday.

Biden stumbles in first presidential debate with Trump

Joe Biden, seeking a second term in the White House, stumbled in his first televised presidential debate with his predecessor Donald Trump, setting off alarm bells among top Democrats about whether the incumbent President can stay atop...