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The Body Shop Saga - Essay Example

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The Body Shop Saga

The first Body Shop, painted an appropriate green, opened in 1976. Roddick's timing was excellent. The first Earth Day had been celebrated in 1970, with the participation even of corporations such as the chemical and petroleum industry giants Monsanto and Texaco. There was growing international consciousness on issues related to the environment and sustainable development. People's desire and determination to "do something" about these problems produced the social movements of the 80s and beyond.
Green business proved to be good business It made people feel good that they had not only bought good products but supported causes such as the famous saving the whales movement. The "business with principles" marketing strategy obviously worked. By 1992, the business was valued at 700 million pounds. By 1992 Body Shop shares were being sold at 3.72 pounds at the London stock exchange. At that time they were known as "the shares that defy gravity." (Entine 2002)
Who could know that by 2006 the shop built on corporate social responsibility (CSR) would be sold to L'Oreal, a player in the high-end beauty industry, that is 26% owned by Nestle. Roddick and The Body Shop from the very beginning expressed its stand against animal testing. ...Show more

Summary

It was the idea, not the product, that elevated the Body Shop to iconic status, the idea and the woman who was its embodiment, Anita Roddick, now Dame Anita Roddick. In an interview Roddick herself said that: "The Body Shop and I have always been closely identified in the public mind…
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The Body Shop Saga essay example
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