Bodycare, the long-standing health and beauty retailer, is reportedly on the brink of collapse, with advisors working urgently to prevent the business from sliding into administration. According to Sky News, the chain—which employs around 1,500 staff across its stores and online operations—could fail as early as next week unless a rescue deal is secured.
Founded on a Lancashire market stall 55 years ago, Bodycare has grown into a well-known chain offering a wide range of products from major brands including L’Oréal, Nivea, and Elizabeth Arden. However, its fortunes have taken a sharp downturn in recent years, with the pandemic cited as a major blow to a business that had previously been profitable.
The company is owned by Baaj Capital, which also controls fashion brand In The Style and earlier this year attempted to acquire The Original Factory Shop. Despite securing a £7 million debt facility against its retail stock, Bodycare continues to struggle. Interpath, the restructuring firm, has been working with the company for several months and remains involved in efforts to secure its future.
Currently led by retail veteran Tony Brown, formerly of Beales, Bodycare has yet to comment on the reports, while neither Baaj Capital nor Interpath has provided a statement. The fate of the retailer now hangs in the balance as it seeks a lifeline to survive.
