Major high street store with 149 branches scrambles to avoid collapse | UK | News
There is a large street chain with 149 branches, a buyer in the race to find a rescue agreement. Bodycare, who employs 1,500 people, can enter the management as soon as possible next week. Sky News.
City resources said that Interpath, a consulting company that has been working with Bodycare and owners for several months, has continued to explore business options. This comes just a week after Jas Singh, led by Baaj Capital, to try and stabilize the job, just a week after a 7 million pounds of credit. Bodycare’s retail inventory supported this short -term loan. Despite these efforts, it seems to be a failed last trench effort.
The group has invested several high -profile retail, including Style and AMSCAN International.
Bodycare, who sells well -known brands L’Oreal, Elizabeth Arden and Nivea, was profitable before my pandemi, but since then, he fought financially.
It also failed to buy the original factory store earlier this year.
Bodycare was founded in 1970 by Graham and Margaret Blackledge in Skelmersdale, forced to rely on Pandemic government support with a taxpayer -backed loan to survive.
Bodycare is managed by retail veteran Tony Brown, who currently undertakes high -level roles in BHS and Beales, which are currently destroyed.
Mr. Brown was assigned to direct decades at the darkest time.
If the chain collapses, the managers will take control of the company to decide whether it can be saved or completely closed.
This can lead to widespread closure and potentially risking 1,500 jobs.
After gaining creditor approval for a restructuring that includes the closing of the store and business losses, River Island has avoided the management more.
