- 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
