Body Shop to Close 33 Stores as It Files for Bankruptcy

The Body Shop Canada Ltd. says it will close 33 stores and halt its e-commerce operations as it seeks to restructure itself under the Bankruptcy and Insolvency Act. The Canadian subsidiary of the international cosmetics brand announced on March 1 that it will immediately begin liquidating almost a third of its 105 stores. The company did not say how many workers would lose their jobs as a result of the store closures that span locations in cities including Toronto, Ottawa, Edmonton, Calgary, Saskatoon and Saint John. A court filing showed the company owes more than $3.3 million to unsecured creditors and about $16,400 to secured creditors....