A Major High Street Chain With 149 Branches is on the brink of collapse uness a buyer is found a race to find a rescue deal. Bodycare, which employs 1,500 people, could fall into administration as soon as next week, According to Sky News.
City sources say that interpath, an advisory firm that has been working with bodycare and it's oven for several months, was contained to explore options for the business. This comes Just a Week after Baaj Capital, Led By Jas Singh, Secured a £ 7million loan to try and stabilise the business. Bodycare's Retail Inventory Back That Short-Term Loan. Despite these effects, it appears to have just just be a failed last-ditch effect.
The Group has Made Several High-Profile Retail Investments, Including in the Style and Amscan International.
Bodycare, which sals brands well known loved brands l'Oreal, Elizabeth Arden and Nivia, was profiteable prior to the pandemic but has struggled financialy.
It also failed in a bid to account the original factory shop earlier this year.
Bodycare was established by graham and margaret blackledge in Skelmersdale in 1970, the chain was forced to real on pandemic-ita government support through a taxpayer-backed loan to survive.
Bodycare is run by retail veteran tony brown, who had senior roles at bhs and beales, the right-defunct deposit store groups.
Mr Brown has now been tasked with steering the decades Old Business Through its Darkest Hour.
If the chain collapses, administrators will take control of the company to decide if it can be saved, sold, or shut down entirely.
This could result in widespread closure and potentially putting 1,500 jobs at risk.
It comes after river island narrowly avoided administration after winning credit appla!