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Wednesday, April 10, 2024Sector

The Body Shop France placed in receivership in France

The Body Shop France placé en redressement judiciaire en France

Two scenarios were possible for the brand’s French branch. On Thursday April 4, 2024, the Commercial Court decided to put the company into receivership.

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In order to prepare a recovery plan, a six-month observation period will begin to carry out a diagnosis of the company. While The Body Shop France had to turn to the wage guarantee scheme (AGS) for payment of March salaries, it would appear that April salaries are assured.

According to information in Le Figaro, franchised stores have not been receiving deliveries for some time now. It is also likely that stores with poor results will be forced to close.

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