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DE 
Düsseldorf. The insolvent German branch of cosmetics retailer Body Shop will not be closing any stores for the time being. "We are not thinking about closing any stores at the moment," said the provisional insolvency administrator Biner Bähr on Friday to the German Press Agency. Business operations will continue as normal for the more than 400 employees in the 63 stores in Germany. In Saxony, Body Shop has a branch in Dresden's Altmarktgalerie and one in Leipzig city center.
Body Shop filed for insolvency in Germany two weeks ago. According to Bähr, business operations have been stabilized and ways are now being sought to restructure the company. "We are looking for a buyer who will take over all the stores. This will hopefully be completed by the end of April." In the coming weeks, it will be examined, among other things, whether the "rental agreements are still up to date". With regard to the future prospects of the cosmetics chain in Germany, the lawyer also holds customers responsible. "I hope that they will remain loyal to us, which will of course help with the restructuring efforts."
Body Shop focuses on ethically produced cosmetics
Most recently, the British branch of Body Shop also filed for insolvency. On Thursday, it was announced that 75 of the branches in the country would close and 489 employees would lose their jobs. 116 Body Shop UK locations are to remain open. The Body Shop is owned by the German investment company Aurelius. The brand was established in 1976 and was one of the first companies to focus on ethically produced cosmetics and skincare products. (dpa)
