The Body Shop Shutting All US Stores After Bankruptcy Filing

The Body Shop is shutting down all its U.S. stores after filing for bankruptcy in New York last week.

The U.K.-based chain filed for Chapter 7 liquidation, meaning assets will be sold off to pay back creditors.

The company previously filed for restructuring in the UK and Canada; some stores in those countries will remain open.

The Body Shop had around 50 U.S. locations still open when it filed for bankruptcy.

Administrators cited mismanagement under past owners and a difficult retail environment as reasons for The Body Shop's financial troubles.