Significant Unpaid Creditor Debt and Payment Defaults
HistoricalLast updated: 5 April 2024
Retail Brands summary
The Body Shop owed over £276 million to creditors at the time of its collapse, with suppliers expected to receive only a fraction of the £219 million owed, indicating widespread payment defaults and severe financial liabilities.
Key facts
- Brand
- The Body Shop
- Signal category
- Legal & Risk
- Current status
- Historical
- Importance
- High
- Scope
- Regional
- Markets
- United Kingdom
- Sources
- 1 (The Guardian)
- Last updated
- 5 April 2024
More The Body Shop Legal & Risk signals
- Customer Service Failures with Consumer Rights ImplicationsLegal & Risk · Emerging · 30 September 2026
Recent customer complaints highlight issues such as packages disappearing and refusal to refund overcharges, suggesting potential breaches of consumer protection laws and contractual obligations.
- Formal Bankruptcy and Administration Proceedings in Key MarketsLegal & Risk · Stable · 10 March 2024
The Body Shop has filed for bankruptcy in the US and Canada and entered administration in the UK, indicating severe funding difficulties and a significant decline in market readiness.
- Admission of Employment Law Breach and Potential LitigationLegal & Risk · Stable · 4 March 2024
The Body Shop has admitted to breaking employment law through sudden mass sackings, indicating a high potential for legal action and labor disputes.
- Supply Chain Disruption and Non-Payment to Fair Trade SuppliersLegal & Risk · Historical · 18 February 2024
Fair trade suppliers to The Body Shop were left with over $1 million of ingredients, indicating significant supply chain disruption, potential non-payment, and risks to ethical sourcing compliance.