Particle.news

Download on the App Store

Bodycare Shuts Remaining 56 Stores This Weekend After Administration

Administrators attribute the collapse to escalating costs, with a funding shortfall disrupting supplies.

Overview

  • The final shutdown covers 56 outlets and is expected to result in 444 redundancies, taking total job losses across the process to more than 1,000.
  • Interpath said a sale of the store estate is unlikely, though it will continue to explore options for the Bodycare brand and other assets.
  • Administrators will support affected employees in making claims to the Redundancy Payments Service for statutory entitlements.
  • Closing-down sales have offered discounts reported up to 50% as remaining stock is cleared from stores.
  • Owner Baaj Capital obtained a £7 million inventory-backed loan during rescue attempts, but efforts to secure a buyer and stabilise trading were unsuccessful.