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Canada  + Cross Border News + Maritimes  + Retail  | 
The Body Shop is closing five stores in the Maritimes as it closes 33 stores across Canada altogether.

Five Body Shop Stores to Close in Maritimes

The Body Shop will close five stores in the Maritimes as it goes through bankruptcy protection.

The five closures are scheduled to occur at Champlain Place in Dieppe, N.B.; Corner Brook Place in Corner Brook, NL; Cornerbrook, NL; Mayflower Mall in Sydney, N.S.; and Truro Mall in Truro, N.S.

The beauty products retailer listed the impending Maritimes shutdowns among all of its scheduled store closures across Canada. Altogether, the Body Shop plans to close 33 stores in Canada.

The total affected stores represent about one-third of the beauty products retailer’s 105-store Canadian footprint.

The Body Shop Canada announced Friday that it has commenced restructuring proceedings by filing a Notice of Intention to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (NOI) in an Ontario court. The standard move is designed to prevent creditors from taking legal action against the chain while it is restructuring.

Toronto-based Alvarez and Marsal has been appointed as the proposal trustee.

The Body Shop Canada filed the NOI after its U.K.-based parent made a similar British court filing. The chain’s U.S. business has ceased operations.

The closures come after European asset manager Aurelius Group acquired the Body Shop from Natura & Co., in December 2023.


Inside The Story

The Body ShopAlvarez & Marsal

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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