High street chain The Body Shop said it has hired administrators, putting thousands of jobs and stores at risk.
FRP, administrators of The Body Shop, said the move to place the retailer in administration “provides the stability, flexibility and security to find the best means of securing the future” of the chain.
They said: “The joint administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course.”
The Body Shop will continue to trade, with shops and the online site remaining open and making sales.
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