The Derby Bodycare store has avoided closure, but 32 other UK outlets, including Loughborough, face permanent shutdown as the retailer collapses into administration.
Bodycare, founded in 1970 by Graham and Margaret Blackledge and owned by Baaj Capital since 2021, appointed Interpath Advisory to oversee the process, resulting in 450 redundancies.
The company’s website is offline, and stores in locations like Cannock, Croydon, and Newport are among those closing.
Bodycare, known for selling products from major beauty brands, had recently secured a £7 million debt facility against its inventory before its financial collapse.
The closures reflect broader struggles for high street retailers, with Bodycare joining others facing economic pressures.
Customers in affected areas expressed disappointment, while Derby’s store remains a rare bright spot for the chain’s 147 UK locations.
The administration process underscores the challenges of maintaining retail viability amid rising costs and shifting consumer habits, with the company’s future uncertain as it navigates this financial crisis.
Bodycare, founded in 1970 by Graham and Margaret Blackledge and owned by Baaj Capital since 2021, appointed Interpath Advisory to oversee the process, resulting in 450 redundancies.
The company’s website is offline, and stores in locations like Cannock, Croydon, and Newport are among those closing.
Bodycare, known for selling products from major beauty brands, had recently secured a £7 million debt facility against its inventory before its financial collapse.
The closures reflect broader struggles for high street retailers, with Bodycare joining others facing economic pressures.
Customers in affected areas expressed disappointment, while Derby’s store remains a rare bright spot for the chain’s 147 UK locations.
The administration process underscores the challenges of maintaining retail viability amid rising costs and shifting consumer habits, with the company’s future uncertain as it navigates this financial crisis.
