High street beauty chain falls into administration

• High street beauty chain Bodycare is set to close 32 of its UK stores after entering administration.
• The closures will result in approximately 450 redundancies from its 1,500-strong workforce.
• The company cited rising operational costs, a delayed online platform transition, and consumer cost-of-living pressures as contributing factors to its financial difficulties.
• A significant funding gap also emerged after Bodycare aborted a planned stock market listing last year, impacting supplier relationships and stock levels.
• Administrators from Interpath are now managing the business, exploring a potential rescue sale while keeping the majority of the remaining shops operational.

IN FULL

High street beauty chain to close 32 shops with hundreds of job losses