Body Shop bankrupt in Canada and the United States, this is the fate of Indonesia

Body Shop bankrupt in Canada and the United States, this is the fate of Indonesia

The Body Shop Indonesia ensures that business operations continue to run smoothly. PHOTO/Strait Time

JAKARTA – Cosmetics and skincare retail network The Body Shop Indonesia ensure continued business operations in Indonesia. The statement is the company's response to news of bankruptcies in the United States and Canada, as well as corporate restructuring in the United Kingdom.

“Don't worry! “The process that happened there does not affect the operations of The Body Shop Indonesia as a franchise,” management said in a post on Instagram @thebodyshopindo, quoted on Wednesday ( 13/3/2024).

As part of a global franchise, the company said all stores will remain open. “We remain open to serve you all,” he stressed.

According to a CNN report, The Body Shop will no longer operate in the United States as of March 1, 2024. As many as 33 of the 105 stores in Canada will also be closed soon, while the rest will remain open.

This choice was made after the cosmetics and skincare company filed for liquidation in the court of New York, United States. The filing means The Body Shop will sell certain assets to pay its creditors' debts and fund its operations.

Citing NBC News, Wednesday (13/3), the beauty salon confirmed that it had also proposed restructuring in its home country of England as well as in Canada. A Body Shop spokesperson did not immediately respond to a request for comment. According to The Guardian, around fifty sites in the United States were still in operation when the liquidation file was filed.

Meanwhile, according to Reuters, The Body Shop declared bankruptcy in February and its directors cited mismanagement. “The Body Shop faced financial difficulties for a long period under its previous owners, coinciding with

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Vince Corbyn

"Tvaholic. Beer guru. Lifelong internet nerd. Infuriatingly humble pop culture scholar. Friendly food advocate. Freelance alcohol fan. Incurable bacon ninja."

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