Anita Roddick founded The Body Shop in 1976, and the company thrived for three decades under her leadership. However, in recent years, The Body Shop has been facing financial troubles. Weak trading over the holidays and insufficient working capital have led to the need for insolvency proceedings. FRP Advisory is likely to be appointed as administrators soon, and it is expected that a significant number of stores will be closed.
The international businesses of The Body Shop have already been sold to an unknown family office. Anita Roddick was known for her strong ethical values, which were reflected in the company’s policies, such as refusing to stock products tested on animals and sourcing ingredients from natural products traded ethically. After Roddick’s departure, the company changed ownership twice before being acquired by Aurelius in November. The decision to sell to L’Oreal in 2006 for £652m attracted criticism for departing from the company’s values.
The future of The Body Shop remains uncertain as it faces financial difficulties. However, Anita Roddick’s legacy lives on through the many environmental campaigners and activists she inspired throughout her career.