Body Catalyst abruptly shuts more than 20 stores as major cosmetic chain teeters on the brink of collapse
- Cosmetics chain closes more than twenty stores
- Company has entered administration
A major cosmetics chain has abruptly closed more than twenty stores because it is on the brink of collapse.
Body Catalyst will permanently close 26 stores a month after it became known that the company was going bankrupt.
The cosmetic chain operates in NSW, Victoria and Queensland.
More to come
Alan Walker and Glenn Livingstone of WLP Restructuring will meet with creditors on December 19 to discuss the financial viability of Body Catalyst.
QueenslandNew South Wales