The Body Shop Files for Bankruptcy, Closes Stores in US and Canada

The UK-based cosmetics brand faces financial struggles, leading to the closure of all its US locations and dozens in Canada.

The Body Shop has ceased operations in the US and is closing 33 of its 105 stores in Canada as part of its bankruptcy restructuring.
Founded in 1976, the brand is known for its ethical and cruelty-free products but has faced financial challenges in recent years.
The company's struggles were exacerbated by high inflation and a shift in consumer preferences, impacting sales.
The Body Shop was sold to asset management group Aurelius for about $266 million in late 2023.
The UK parent company's collapse has also affected its ability to pay suppliers in Australia, putting its operations there at risk.