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Next has shown interest in purchasing assets of The Body Shop, the cosmetics chain currently facing insolvency. According to sources, Next executives have reached out to administrators at FRP Advisory to explore a potential deal for parts of The Body Shop.
While Next has been monitoring The Body Shop for some time, recent discussions between the two parties may have stalled. Next, known for its acquisitions of distressed retail businesses, has previously acquired brands like Fat Face, Joules, and Made.com.
However, one obstacle to a potential deal with The Body Shop lies in the fact that its brand and intellectual property assets are not part of the administration process. Aurelius, the current owner of The Body Shop, has secured major assets such as stock and IP, which complicates any potential acquisition.
FRP Advisory, tasked with handling The Body Shop’s insolvency in the UK, is expected to decide on whether to launch an auction in the coming weeks. Aurelius, the current owner, may also consider buying back the restructured business.
If Next proceeds with a purchase, it is unlikely to retain many of The Body Shop’s British stores. Recent store closures and downsizing of the head office have resulted in job losses, part of the restructuring efforts to revitalize the iconic brand.
The struggles faced by The Body Shop under its recent ownership raise questions about underinvestment and mismanagement over the years. Once a prominent advocate for environmental causes, The Body Shop has faced increasing competition and a changing retail landscape.
Despite its challenges, The Body Shop retains significance on British high streets, and its distinctiveness, rooted in environmental advocacy, has left a lasting legacy.
As discussions continue, Next, FRP, and Aurelius have declined to comment on the matter.