bodyshop final presentation
TRANSCRIPT
-
8/6/2019 Bodyshop Final Presentation
1/22
By:Ramanpreet KaurRohit KaliaShreyasi Dutta
Simranjeet Kaur
-
8/6/2019 Bodyshop Final Presentation
2/22
In 1970 Anita and Gordon Roddick were inspired toset up a beauty products store after seeing The BodyShop at Berkeley, California.
In march 1976, the Roddicks set up their first BodyShop store at Brighton , UK.
A case was filed against Anita for using the same
name but she fought back.
From its inception body shop was associated withsocial activism- local charity, it printed leaflets ,posters and t-shirts with social messages.
-
8/6/2019 Bodyshop Final Presentation
3/22
Body shop had an unique packaging mechanism.
The core brand identity of body shop was profitswith a principle.
While body shop opened its second store within 6months from opening its first store after taking aloan of 4000 pounds, it was growing by 50% anually
during the late 70s.
-
8/6/2019 Bodyshop Final Presentation
4/22
In April 1984, Body Shop opened for the first time atLondons security market.
In 1986 Body Shop tied up with Green Peace forSave the Whales campaign. Following this they tied
up with Friends Of The Earth in 1990.
During the 80s and 90s Body Shop was beingaccused of hypocrisy.
Problem burgeoned when numerous me tooretailers mushroomed in UK. In U.S. it faced toughcompetition from Bath and Bodyworks and overall itsnew products failed to take off.
-
8/6/2019 Bodyshop Final Presentation
5/22
The company continued growing in size even asits market value dipped.
In 98 Roddick was replaced by Gournay as her
radicalism harmed the company.
-
8/6/2019 Bodyshop Final Presentation
6/22
in 1999 Gournay initiated a restructuring exercise.In 2001, the operating profits had decreased to $ 18.2bn.
In 2002, anita and Gordon stepped down as co-chairmen and were replaced by Bellamy and alsorepositioned itself to masstige segment.
In 2003, its pre taxed profits increased.
In 2006, it agreed to be taken over by LOreal in a $652 mn deal.
-
8/6/2019 Bodyshop Final Presentation
7/22
During 1980s and 1990s critics accused it ofhypocrisy.
Shareholders complained on diversion ofmoney into social work projects.
In early 1990s problems faced for it as manyme too retails mushroomed in UK.
Contradicting takeover of LOreal.
-
8/6/2019 Bodyshop Final Presentation
8/22
One of the first firms in the world to publisha proper report in its CSR
In 1991- drafted the EU Eco-Management andAudit regulation (EMAS).
green book and value report
The UNEP ranked both the reports highly in
international benchmarking survey ofcorporate environmental reports
-
8/6/2019 Bodyshop Final Presentation
9/22
1. AGAINST ANIMAL TESTING considered animal testing unethical
It campaigned against it in UK, Europe, Japan,
Netherlands and Germany Finally, in 1998 the UK government banned animal
testing.
Cared about the interests of both vegetarians and
animals In 2005, it was awarded the first for Achieving
Higher Standards of Animal Welfare
-
8/6/2019 Bodyshop Final Presentation
10/22
2. SUPPORT COMMUNITY TRADE Sourced products from marginalized communities
for a fair price in a sustainable way. For eg. Itsourced marula oil from Namibia, bananas fromCaribbean etc.
Model for others to follow
-
8/6/2019 Bodyshop Final Presentation
11/22
3. IMPROVE SELF-ESTEEM Marketed products honestly
Focused on products that provide well-being andcomfort
Provided good work-culture and motivatedemployees by maintaining equal opportunity
standards. Promoted self-esteem as one of its values. It
challenged unrealistic beauty ideal presented bythe beauty industry
-
8/6/2019 Bodyshop Final Presentation
12/22
It showed respect to women:
launched womens right campaign in 1995 Launched a campaign based on Ruby, a realistic
doll which represented real women as opposed tothe dolls such as Barbie
Supported a debate on self-esteem
It published and distributed globally the bodyand self-esteem and generated on the subject
In 2003, it launched a global campaign againstdomestic violencestop violence at home
-
8/6/2019 Bodyshop Final Presentation
13/22
4. Defend human rights
I
n 1998, Body Shop ran a Thumbs up forreconciliation campaign between black andwhite Australians
In 2000, launched its Human Rights Awards
It also benchmarked its employeemanagement policies against internationalstandards
-
8/6/2019 Bodyshop Final Presentation
14/22
Founding member of Ethical TradeInitiatives (ETI) and strove to ensure that its
suppliers complied with the ethical tradestandards.
Suppliers were screened by a buying teamwho were given ethical targets on an annual
basis. The company worked with the stakeholders
at various levels to share best practices andinfluence national and international policy onethical trade issues.
-
8/6/2019 Bodyshop Final Presentation
15/22
5. PROTECT THE PLANET The company aimed to be a sustainable business
and considered protection of the planet as a keyresponsibility
Launched a campaign in 1986 for the protection ofplanets
In 1992, it developed its first internationalenvironmental policy
It supported environmental materials andtechnology
Encouraged recycled materials and minimal
packing It avoided PVC
Supported forest stewardship council certificationscheme
-
8/6/2019 Bodyshop Final Presentation
16/22
6. OTHER INITIATIVES Regular donation to charitable organizations
The BSF charitable Trust-animal welfare, humanrights issues
Huge donations to the trusts
Sold bracelets in US and Canada to raise $3,00,000
to support HIV/AIDS victims Donated $2,00,000 towards Tsunami
Raised voices for violence against children
-
8/6/2019 Bodyshop Final Presentation
17/22
Body Shop and its founders were calledhypocrites
Contribution to charity of less than 1.5% of
the profit
Ex-employees claim of fabricated products
Used products animal tested by other
companies CTP accounted for only 1% of Body Shops
sales
-
8/6/2019 Bodyshop Final Presentation
18/22
Exploitative wages
Aggressive attitude towards critics
Anti-city attitude, but still raised funds bybeing listed at stock exchange
2001-2002 major focus on improving financial
position Roddicks initial criticism for LOreal
Nestles share in LOreal
LOreal buying CSR
-
8/6/2019 Bodyshop Final Presentation
19/22
Protests by animal activists
Return of loyalty cards
Lilly lapin bunny mascot
Some customers felt betrayed
Ethiscore came down from 11/20 to 2.5/20
-
8/6/2019 Bodyshop Final Presentation
20/22
Ring-fenced values
Combining of Body Shops values withLOreals visionary leadership
Roddick felt that Body Shop was sold outwhen it was listed
-
8/6/2019 Bodyshop Final Presentation
21/22
Over-played CSR
Too aggressive with the critics
Retention of old management
-
8/6/2019 Bodyshop Final Presentation
22/22
Thank You