04 Mar 2024 --- The Body Shop Canada announces it will close approximately a third of its stores and cease online sales as it seeks creditor protection. It commenced “restructuring proceedings” by filing a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (NOI). According to reports, a court filing showed the company owes more than CAD$3.3 million (US$2.4 million) to unsecured creditors and about CAD$16,400 (US$12,102) to secured creditors.
