Spalding and Lincoln branches of The Body Shop have been saved
Administrators have confirmed that the county’s branches of The Body Shop have been saved.
Spalding’s site at Springfields Outlet Shopping and Leisure along with the unit at Lincoln’s Waterside Shopping Centre are among the 116 stores across the country which will remain open.
There were fears for the future of these sites after the iconic brand went into administration earlier this month.
While joint administrators Tony Wright, Geoff Rowley, and Alastair Massey have confirmed that 116 stores have been saved a further 75 will be closed in a phased process over the next four to six weeks – with 489 staff being made redundant.
Mr Wright said: “In taking swift action to right-size The Body Shop UK store portfolio, we have stabilised the business and are providing the best opportunity for this iconic brand to have a long-term, sustainable future. The UK business continues to trade in administration, and we remain fully focused on exploring all options to take the business forward.”
The plan for the future of the brand will see a reduced number of stores 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.