00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:05 I bring you some breaking business news. The Body Shop has hired administrators, putting
00:12 thousands of jobs at risk at the cosmetic chain. The retailer, which runs more than
00:17 200 shops across the UK, has appointed insolvency experts and FRP advisory to oversee the process.
00:24 FRP said the administrators will consider all options to find a way forward for the business, after years of struggles and have been a challenging backdrop for shoppers.
00:34 The chain will continue to trade through stores and online during the administration process.
00:39 The retailer was founded in 1976 by Anita Roddick and her husband Gordon. It's one of the first
00:44 companies to promote ethical consumerism, focusing on ethically produced cosmetics and skin care products.
00:52 It comes only weeks after new owners, the European private equity firm Aurelius, took
00:56 control of the business. So, breaking news here, the Body Shop has hired administrators,
01:01 putting thousands of jobs at the cosmetics chain at risk.
01:05 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
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