Lincoln and Spalding branches of The Body Shop will remain open for now
Lincolnshire’s branches of The Body Shop will be remaining open for now after the national chain went into administration last week.
Administrators FRP Advisory hope that the half of the stores across the country will remain open – and so far the unit at Springfields Outlet Shopping and Leisure in Spalding and another in Lincoln have not been identified for closure.
Seven stores were shut earlier this week as part of a plan to save the well-known brand but the administrators warned that ‘additional closures’ are to follow.
A statement from the adminstrators says: “After years of unprofitability and following a full evaluation of The Body Shop’s UK business, the Joint Administrators have concluded that the current store portfolio mix is no longer viable.
“It is expected that at the conclusion of the restructuring, more than half of The Body Shop’s 198 UK stores will remain open.
“A reduced store footprint, will coincide with a renewed focus on the brand’s products, online sales channels and wholesale strategies, bringing the brand in line with industry peers and supporting a return to financial stability.
“This swift action will help re-energise The Body Shop’s iconic brand and provide it with the best platform to achieve its ambition to be a modern, dynamic beauty brand that is able to return to profitability and compete for the long term.”