How does administration work?
The administrator will write to your creditors and Companies House to say they’ve been appointed.
They will try to stop the company being liquidated but if they can’t, the administrator will pay as much of the company’s debts as possible from the assets.
The administrator has eight weeks to write a statement explaining what they plan to do.
This must be sent to creditors, employees and Companies House and invites them to approve or amend the plans at a meeting.
The Body Shop's recent deal
The Body Shop was bought by private equity firm Aurelius from former owner Natura and Co in November in a deal worth £207million.
The cosmetics group said it was looking to shift its focus away from the UK market and towards South America.
New owners Aurelius, a private equity group which also owns Lloyds Pharmacy and Footasylum, also confirmed that it sold off most of The Body Shop business in mainland Europe and parts of Asia last month.
Will shops continue to trade?
The Body Shop will continue to trade, with shops and the online site remaining open and making sales.
Administrators FRP said said the move to place the retailer in administration “provides the stability, flexibility and security to find the best means of securing the future” of the chain.