Creditors have voted to plunge 26 clinics in a struggling beauty chain into liquidation, while the fate of the remaining 16 hangs in the balance.
Last month, news.com.au reported that Body Catalyst, a non-surgical cosmetic medicine chain with clinics across NSW, Victoria and Queensland, had appointed an administrator.
On Tuesday, a meeting took place where creditors voted to place 26 clinics, which had all shut down prior to the administrators appointment, into liquidation.
Another meeting is scheduled for Tuesday next week where creditors will decide whether the remaining stores can continue operating or whether they too should shut down permanently.
The decision will affect 85 staff members who are waiting to see if they will still have…
Read the full article at: https://www.news.com.au/finance/business/retail/26-stores-at-cosmetic-chain-collapse-fate-of-remaining-stores-hangs-in-balance/news-story/8bbd195c85dfa8c2229eafdcf750a75a