Body Shop to open stores in India

The company said full year growth is on track as the ethical beauty products retailer reported a drop in interim profits, as expected, after buying stores from franchisees pushed more profit to the back end of its financial year. Body Shop recently bought previously franchised operations in Canada, Hong Kong and Benelux, moving sales from a wholesale to retail basis and increasing the seasonality of the business.

In 2003, Body Shop initiated a £100 million revamp, investing in new stores, store refurbishments and information systems.

—Agencies