Region. Health chain collapses.

The NSW-based natural health and beauty chain Healthzone, which has outlets in Western Sydney, has collapsed. Phil Carter and Chris Hill, of PPB Advisory, have been appointed as receivers and managers to the business, which has 110 stores trading as Healthy Life and a wholesale division. They are working to sell the company as a going concern. Eighty of the stores are franchised, the balance of 30 are company-owned. The company employs about 250 staff. Healthzone Limited, which is listed on the ASX.