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Body Shop's UK Business Slides Into Bankruptcy

The Body Shop United Kingdom Anita Roddick Aurelius LOreal FRP

The iconic British brand has been under various foreign owners since founder Anita Roddick sold it to French cosmetics giant L'Oreal in 2006 (Credit: AFP)

The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered bankruptcy, administrators said Tuesday, placing thousands of jobs at risk.

The retailer has appointed experts from FRP Advisory to oversee administration -- a UK process where financial experts are drafted in to try and save parts of a firm.

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