The Body Shop Restructuring Expected To Net $4.8 mil. In Operating Savings
This article was originally published in The Rose Sheet
Executive Summary
The Body Shop anticipates it will save approximately $4.8 mil., or L8 mil., in operating costs under a restructuring plan announced Jan. 26. Of the monies saved, around $2.4 mil. (L4 mil.) is expected to be achieved by FY 1999 (ending Feb. 29, 2000).
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The Body Shop
Maurizio Venturato to managing director of Europe and the Middle East. He will join the retailer in October from his post as general manager of Benetton Sportsystem. In addition, Bernie Foster is named U.K. managing director. Foster has experience at Miss Selfridge as managing director; she will join The Body Shop in late September. The appointments complete the firm's new senior management structure (1"The Rose Sheet" Feb. 1, p. 10)