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The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain. The Body Shop's U.S. arm ...
In July 2008, the company announced that it was opening six locations in Canada. With the company acquiring Canadian-based La Senza, they felt it was the opportunity to move into a growing Canadian market, with The Body Shop being its main competition. [10] [11] Bath & Body Works operates more than 1,900 stores. [12]
Margot Franssen, OC (born March 21, 1952) is a philanthropist, activist and former Canadian entrepreneur, the founder, partner and president of The Body Shop Canada. During the years that she ran and co-owned the Body Shop with her husband Hall "Quig" Tingley and her sister Betty-Ann Franssen the company raised more than $1.3 million for violence prevention and recovery programs in Canada.
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Bath & Body Works, Inc. (formerly known as L Brands, Inc., Limited Brands, Inc. and The Limited, Inc.) is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works , posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
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On 1 March 2024, the Body Shop Canada filed for creditor protection and announced that it would cease online operations and close 33 locations out of 105. On the same day, the Body Shop USA closed all of its stores and ceased operations online. On 10 March, the Body Shop USA filed for Chapter 7 bankruptcy liquidation. [45]
Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office. Trump has proposed importers pay a 25% tax on all ...