The Body Shop has pulled in a profit three months after being saved from administration.
Charles Denton, the new boss of the cosmetics chain told workers it was “back for good” after making a £2m profit during its first 100 days under its new ownership, The Guardian reported. Sales hit £28m over the same period.
It comes after The Body Shop fell into administration earlier this year, before being rescued in September by a consortium led by the British cosmetics tycoon Mike Jatania.
The business currently runs 113 stores across the UK and employs over 1,200 workers, including in its headquarters.
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The Body Shop CEO Charles Denton shared news of the profitability with workers in a Christmas message, viewed by The Guardian.
Denton said the chain had ended last week 17% above internal sales forecasts, writing: “I am so thrilled at how we are ending the year.
“Storm Darragh may have tried its worst, but we weathered it. Throw whatever you like at us, and we’ll come bouncing back…back for good and last month, back in profit baby!”
A source familiar with The Body Shop’s operations warned about reading too much into the results, highlighting that the business was now a smaller operation and that sales could have been aided by discounting and stock clearance.
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