Health and beauty retailer Bodycare is facing administration, putting over 100 stores across the UK and 1,500 jobs at risk.
It is anticipated that the retailer, which was established over 50 years ago on a Lancashire market stall, will appoint administrators from Interpath Advisory as early as Friday.
Bodycare, which specialises in offering skincare, cosmetics, toiletries, and fragrances, has over 1,500 employees and operates over 100 outlets nationwide.
Baaj Capital, under the leadership of Jas Singh, recently obtained a £7 million loan secured by the chain's inventory. However, attempts to stabilise the business seem to be stalling.
Interpath will likely increase its efforts to find buyers for some business segments as a result of the administrators' appointment.
Administrators will take charge of the business when it is established and decide if it may be saved, sold, or shut down entirely.
Widespread store closures, employment losses, and issues for suppliers could arise from this.
Here’s a list of Bodycare stores that are at risk of closing.
Bodycare stores in London at risk of closure
Other Bodycare stores in the UK at risk
In 1970, Graham and Margaret Blackledge founded Bodycare in Skelmersdale, which distributes branded goods from companies including Elizabeth Arden, Nivea, and L'Oreal.
Prior to the pandemic, the chain was thriving, but in the years immediately following it, it lost millions of pounds, just like many other stores.
