The Body Shop said that 150 UK jobs are at risk after the French-owned cosmetics retailer announced a restructuring drive.
The company said it was consulting employees about proposals to reduce its global workforce by 275 jobs to make the business more efficient. The retailer is streamlining operations in certain office-based areas, but the reorganisation will not affect store staff.
...The Body Shop recently revealed that like-for-like sales dipped 0.9% to 249.5 million euros (£223 million) in its last quarter.
Parent L'Oreal said the difficult economic climate hit Body Shop sales in Britain, Spain and North America.
I was stunned when Anita Roddick sold the Body Shop to L'Oreal a few years ago. I had read one of her books and had often pointed to her company as an example of a successful marriage between ethics and business. When she sold to L'Oreal, with its questionable history and animal testing, it was a real betrayal of the company's practices and principles (in my opinion.) I know she thought the Body Shop could change L'Oreal, but, come on, how naive can one be...
But it's better than believing she just wanted the money.