Bodycare has announced the closure of an additional 30 stores after entering administration earlier this month. The beauty retailer revealed that these closures would take place during the current week.
Administrators have emphasized that due to stock shortages and the high costs associated with running physical stores, it is no longer viable to maintain all 115 remaining outlets. Consequently, the closure of these stores will result in the termination of jobs for all 130 employees.
Following these closures, Bodycare will operate with 85 remaining stores. The company called in administrators from Interpath on September 5, citing challenges such as rising expenses, financial gaps, strained supplier relationships, and subsequent product shortages. Initially, the chain had announced the closure of 32 stores, leading to around 450 job losses.
Nick Holloway, the managing director at Interpath and joint administrator, expressed gratitude on Monday, stating, “We’d like to express our sincere thanks to the hundreds of dedicated Bodycare staff who have shown such professionalism since our appointment.”
Holloway added, “We will continue to operate the remaining 85 stores while engaging in discussions with interested parties to salvage as much of the business as possible.”
Interpath is actively pursuing a sale to rescue the business and its assets, acknowledging the interest from various entities in acquiring the stores.
Established in 1970 in Lancashire, Bodycare specializes in offering a variety of beauty products, fragrances, and essential bathroom items.
