Sell off the profitable parts of the company, have the left over unprofitable part take on the debt for the money used to buy it, secured on its assets. If the leftover company goes under, it takes the debt with them. Regardless of if Body Shop survives or not, they've already made their money.
Gotta love private equity.
Gotta love private equity.
The Body Shop has published the full list of stores that are to close - and which will stay open - as it announced 489 jobs will go over next four to six weeks.
While 116 shops will continue trading, 75 will shut over the next four to six weeks - in addition to the seven immediate closures confirmed two weeks ago.
The shops closing are:
Aylesbury
Banbury
Barnstaple
Basildon
Battersea
Bedford
Beverley
Bexleyheath
Blackburn
Blackpool
Bournemouth Commercial Rd
Bolton
Brixton
Broughton Park
Bury
Camberley
Carlisle
Carmarthen
Chippenham
Cirencester
Croydon
Didcot
Durham
East Kilbride
Edinburgh Gyle Centre
Edinburgh Princes Mall
Epsom
Fareham
Farnborough
Glasgow Braehead
Glasgow Fort
Glasgow Silverburn
Glasgow Station
Grimsby
Halifax
Harlow
Hastings
Hempstead Valley
High Wycombe
Huddersfield
Hull
Ilford
Ipswich
Isle of Wight
Islington
Kendal
Kings Lynn
Leeds White Rose
Lewisham Centre
Lichfield
Loughborough
Luton
Macclesfield
Middlesbrough
Morpeth
Newton Abbot
Northampton
Oldham
Perth
Peterborough Queensgate
Portsmouth
Regent Street
Salisbury
Stafford
Stanstead Airside
Stratford Upon Avon
Swansea
Telford
Thanet
Trowbridge
Wakefield Trinity Walk
Walthamstow
Wigan
Woking
Wolverhampton
Remaining open are:
Aberdeen
Ashford Outlet
Basingstoke
Bath
Belfast Victoria Square
Birmingham New St.
Birmingham Bullring
Bluewater
Bracknell Lexicon
Bradford Broadway
Braintree Outlet
Brent Cross
Bridgend Outlet
Brighton
Bristol Cabot Circus
Broadgate
Bromley
Bury St Edmonds
Cannock Outlet
Cardiff St Davids
Castleford Outlet
Canterbury Whitefriars
Chelmsford
Cheltenham
Chesire Oaks Outlet
Chester Foregate Street
Chesterfield
Chichester
Clarks Village Outlet
Colchester
Coventry
Crawley County Mall
Cribbs Causeway
Dalton Park Outlet
Derby Intu
Doncaster Lakeside Outlet
Dudley
Dundee
Dunfermline
Ealing
East Midlands Outlet
Eastbourne
Edinburgh St James
Enfield
Fleetwood Outlet
Foyleside
Glasgow St. Enoch
Gloucester
Gretna Outlet
Guildford High Street
Gunwharf Outlet
Harrogate
Harrow
Hatfield
Hereford Commercial St
Hounslow Treaty Centre
Icon at O2 Outlet
Inverness
Kingston-Upon-Thames
Lancaster
Leamington Spa
Leeds Briggate
Leicester New Shires
Lincoln Waterside
Liverpool One
Livingston Outlet
Llandudno
London Bridge
Lowry Outlet
Maidstone
Manchester Arndale Centre
Manchester Royal Ex
Meadowhall High St
Metro Centre Platinum Mall
Milton Keynes
Newcastle Eldon Sq
Nottingham Bridlesmith Gate
Oxford Street Soho
Oxford Westgate
Poole
Preston
Reading
Romford
Rushden Lakes
Shrewsbury
Skipton
Solihull
Southampton West Quay
Southend
Spalding
St. Albans
Staines
Stockport
Stratford City Westfield
Sunderland
Sutton
Swindon Outlet
Talke Hanley Outlet
Taunton
Thurrock
Trafford Park
Truro
Tunbridge Wells Royal Victoria Place
Uxbridge Market Square
Warrington
Watford
Wembley Outlet
White City Westfield
Whiteley Village
Wimbledon
Winchester
Windsor
Worcester
Worthing
York Coppergate Walk
York Depot