Bodycare has made the decision to close an additional 30 stores, commencing today, following the collapse of the high street beauty chain into administration.
Earlier this month, the company enlisted administrators from Interpath and initially announced the closure of 32 stores, resulting in approximately 450 job losses.
In a recent update, Bodycare revealed plans to close an additional 30 stores, with 14 stores ceasing operations today and the remaining 16 closing on Thursday.
The closure will impact approximately 235 employees across these stores, who will be made redundant, leaving the retailer with around 85 operational stores. Established in 1970 by Graham and Margaret Blackledge on a Lancashire market stall, Bodycare has been under the ownership of Baaj Capital since 2021.
The beauty chain offers products from popular brands such as L’Oreal, Nivea, and Elizabeth Arden.
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Nick Holloway, the managing director at Interpath and joint administrator, expressed gratitude to the committed Bodycare staff and highlighted ongoing discussions with potential buyers to salvage as much of the business as possible.
Interpath is actively exploring a potential sale to rescue the business, with the initial news of Bodycare’s administration reported by Sky News. Prior to the collapse, Bodycare had secured a £7 million debt facility against its retail inventory.
The closure of Bodycare’s stores follows a trend of struggles among high street retailers, including Poundland’s recent sale to private equity firm Gordon Brothers for £1, resulting in