The Body Shop NZ was placed into voluntary administration, months after its UK parent did the same. Photo/ NZPA
Cosmetic and beauty products retailer Body Shop NZ has been placed in voluntary administration, months after its UK parent did the same.
The business has 16 stores across New Zealand in all the major centres, about 70 permanent employees and its online operations.
Administrators Daniel Stoneman and Neale Jackson of financial advisory firm Calibre Partners have been appointed and said all retail stores would remain open at this stage.
“The Body Shop NZ’s UK parent company was placed into administration in February 2024. Following this, the assets of The Body Shop International were largely sold by the administrators in…