Beauty brand The Body Shop’s New Zealand business has appointed voluntary administrators.
It comes after its UK parent company was placed into administration in February last year, with its international assets largely sold – but the sale excluded the New Zealand business.
Administrators Daniel Stoneman and Neale Jackson of Calibre Partners said a buyer had not been found for the New Zealand business, leading to the appointment of administrators.
“We are working closely with the management team to develop a strategy to sell all stock and begin to wind down the business,” they said.
The Body Shop New Zealand has 16 stores with about 70 permanent staff. It had three outlets in Christchurch – Westfield Riccarton, Northlands mall and…