By Dan Grennan,Levi Winchester
Copyright dailystar
Bodycare has revealed it will shutter an additional 30 outlets from today following the high street beauty retailer’s collapse into administration. The company brought in administrators from Interpath earlier this month and initially announced the closure of 32 stores, resulting in approximately 450 job losses. In a fresh announcement this week, Bodycare confirmed it would be shutting down a further 30 locations . The business stated that 14 outlets will cease trading permanently today, whilst the remaining 16 will close their doors on Thursday. The complete list of closures can be found below. Bodycare revealed that roughly 235 employees working at these locations will face redundancy. Following these recent shutdowns, the retailer will operate around 85 remaining outlets. Originally established in 1970 from a Lancashire market stall by Graham and Margaret Blackledge, the company has been under Baaj Capital’s ownership since 2021, reports the Mirror . The chain stocks products from renowned beauty brands including L’Oreal, Nivea and Elizabeth Arden. Nick Holloway, managing director at Interpath and joint administrator, commented: “We’d like to express our sincere thanks to the hundreds of dedicated Bodycare staff who have shown such professionalism since our appointment. “We will continue to trade the remaining 85 stores while we remain in discussions with interested parties with the aim of preserving as much of the business as possible.” Interpath is actively pursuing a potential rescue acquisition of the enterprise. Bodycare’s move towards administration was reported by Sky News earlier this month. The report indicated that Bodycare had recently secured a £7million debt facility against its retail inventory, prior to its downfall. A debt facility is a formal arrangement in which a lender provides a specific sum of money to a borrower over a predetermined period. Bodycare joins the growing list of high street retailers facing difficulties in recent times. Poundland was recently acquired by private equity firm Gordon Brothers for a mere £1 and has unveiled plans to shut down 68 stores. At the time of its sale, the retailer operated around 800 stores. Poundland will also cease operations at its frozen and digital distribution site in Darton, South Yorkshire, as well as another warehouse in Springvale, Bilston, West Midlands. In other news, River Island recently finalised a restructuring plan aimed at preventing the fashion chain’s collapse – however, this means 33 shops will be closing. The fashion retailer will pay reduced rents on an additional 71 stores. Landlords are being requested to reduce rents for three years and potentially halt payments entirely on some sites in an effort to curb losses. Its rescue deal received approval from the High Court earlier this month. For the latest breaking news and stories from across the globe from the Daily Star, sign up for our newsletters .
