Retailer with Rivergate Shopping Centre shop facing collapse

The business has one of the biggest stores within the Rivergate Shopping Centre <i>(Image: Thomas Nugent/Geograph)</i>
The business has one of the biggest stores within the Rivergate Shopping Centre (Image: Thomas Nugent/Geograph)
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A MAJOR retailer which boast one of the biggest stores in Rivergate Shopping Centre is facing collapse.

A race is now on to find a rescue deal for Bodycare, with reports suggesting the firm could enter administration as soon as next week unless a buyer is found.

The healthy and beauty retailer employs around 1,500 people across numerous stores in the UK - including in its North Ayrshire shop which is one of 18 in Scotland.

Each store would be at risk of closure if the firm were to enter administration.

Its troubles come just weeks after the retailer secured a £7 million debt facility to buy it short-term breathing space.

The business was reported to be profitable prior to the Covid-19 pandemic in 2020, however, it is stated that Bodycare has "made a loss of millions" since then.

 

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