Bodycare - Case Update

Interpath Advisory, which took control of discount health and beauty retailer Bodycare on September 5, have confirmed that all of the chain’s stores will close after efforts to secure a going-concern sale faltered.

In their latest update, the joint administrators said that while discussions continue with parties interested in the Bodycare brand, a deal for the store network is now unlikely. With stock shortages persisting and the costs of operating outlets mounting, they have begun a closure programme covering the 56 remaining sites. All stores are expected to shut by September 27, with 444 staff members unfortunately made redundant upon closure.

The announcement marks a sharp escalation from the administrators’ previous update, which we highlighted last week, when 30 of Bodycare’s 115 stores were earmarked for closure while 85 continued to trade during the sales process. The administrators then stressed that selective closures were aimed at preserving value for a potential transaction. With no buyer emerging, the entire estate is now being wound down.

Nick Holloway, joint administrator and managing director at Interpath, thanked staff for maintaining standards throughout the process. He said the administrators would continue to explore options for the company’s assets, particularly the Bodycare brand, and provide further updates in due course.

Read the most recent update HERE.