The Body Shop Belgium declared bankrupt

The Body Shop‘s Belgian branch has been declared bankrupt. A German buyer is reportedly already in place to acquire the profitable remains.

Done deal

The bankruptcy was declared in the Netherlands, because the Belgian activities are part of the same entity as the Dutch shops. The receiver has not yet announced what the consequences are for the two dozen Belgian stores. Meanwhile, the 27 stores in the Netherlands are kept outside the bankruptcy and are currently open as usual.

German investor Alma24 is said to be taking over the Belgian operations after the bankruptcy, but that should become clear in the coming days and weeks. The German and British branches of The Body Shop also went bankrupt in recent weeks. In the United Kingdom, takeover talks are ongoing with fashion group Next. The receivers are already closing half the shops there and want to focus more on wholesale and franchising.