The Body Shop Reports £2 Million Profit

The Body Shop has reported a £2 million profit within its first 100 days under new ownership by a consortium led by cosmetics tycoon Mike Jatania, following its rescue from administration in September. Sales during this period reached £28 million, leading CEO Charles Denton to declare that the brand is 'back for good.' After facing significant challenges, including the closure of 85 UK stores earlier this year and a £71 million loss in 2022, the company now operates 113 stores and employs over 1,200 people in the UK. Despite the positive news, insiders caution against over-optimism, noting that the current smaller operation benefited from stock clearance and discounts. The Body Shop, once boasting 3,000 outlets globally, is now focused on sustaining interest and growth following its tumultuous history. Additionally, there are expansion plans for The Body Shop in Canada and the Middle East, indicating a renewed strategic direction for the retailer.