US EditionHigh Street Retailer 'at Risk of Administration'
Bodycare's financial struggles worsened by pandemic losses and rising costs threaten 1,500 jobs and numerous UK stores without a buyer, despite a recent £7 million debt facility.
- Bodycare is reported to be on the brink of administration, with the Wrexham store cleared as of Tuesday, September 2, and closures at Bodycare Foregate Street, Chester and Rhyl's White Rose Shopping Centre.
- Facing mounting costs, the firm earlier this year secured a bespoke debt facility of around £7 million and has worked with insolvency specialists Interpath while Baaj Capital remains owner amid pandemic pressures.
- Founded in 1970 on a Lancashire market stall, Bodycare employs around 1,500 people and operates around 150 stores nationally, including in Telford, Shrewsbury, and Bridgnorth.
- Administrators are reportedly being lined up and high-street shops face closure risk; a sale or investment could preserve the chain, but without a buyer, redundancies are likely.
- Industry observers note Bodycare follows other retailers in recent months, with national media warning it could enter administration next week unless sold, joining Hobbycraft, Claire's, and River Island in sector struggles.
24 Articles
24 Articles
Oxford Mail
thisisoxfordshire.co.ukHigh street retailer 'at risk of administration'
A high street shop is at risk of closing in Oxfordshire. Health and beauty retailer Bodycare was founded in Lancashire and has an outlet in Swindon…
Bodycare faces possible administration with jobs and stores at risk - East Midlands Business Link
UK health and beauty chain Bodycare is reportedly on the brink of administration, putting around 1,500 jobs and numerous high street stores in jeopardy. The retailer, founded in 1970 in Lancashire, stocks major brands including L’Oréal, Nivea, and Elizabeth Arden. The company has faced financial pressures for several years, worsened by pandemic-related losses. A temporary […]
Bodycare faces possible administration with jobs and stores at risk - Business Link Magazine
UK health and beauty chain Bodycare is reportedly on the brink of administration, putting around 1,500 jobs and numerous high street stores in jeopardy. The retailer, founded in 1970 in Lancashire, stocks major brands including L’Oréal, Nivea, and Elizabeth Arden.
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