Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Next Expresses Interest in Acquiring Assets of The Body Shop

by February 27, 2024
February 27, 2024
Next Expresses Interest in Acquiring Assets of The Body Shop

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.

Read more:
Next Expresses Interest in Acquiring Assets of The Body Shop

0
FacebookTwitterGoogle +Pinterest
previous post
UK Food Price Inflation Hits Nearly Two-Year Low in February
next post
Consumers Show Increased Confidence as Retail Sales Decline Slows

You may also like

Hello world!

February 24, 2025

Lloyds and Halifax to shut 40 branches as...

January 23, 2023

Ripple XRP: A Definitive Guide to Digital Payments

January 18, 2024

New research shows SMEs facing mental health crisis...

October 11, 2022

5.4 million yet to file self-assessment tax returns,...

January 6, 2025

Microsoft in trademark row with UK children’s reading...

August 23, 2022

GDPR fines hit €1.5 billion in first half...

July 13, 2023

How Mojo App helps Companies to reach Customers...

January 13, 2023

FundOnion targets £1 billion funding goal in bid...

April 18, 2024

Aaron Haapala Looking At Market Resilience in a...

February 5, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Premade Conclusions, Post-Hoc Data: The Problem with the MAHA Report

      May 28, 2025
    • Explosive new intelligence report reveals Iran’s nuclear weapons program still active

      May 28, 2025
    • Trump nominates former defense attorney Emil Bove for federal appeals court vacancy

      May 28, 2025
    • Trump says he will meet with Putin, Zelenskyy ‘if necessary’ amid negotiations to end war

      May 28, 2025
    • DAVID MARCUS: Why nobody wants to cut the national debt despite everyone saying they should

      May 28, 2025
    • Senate Republican campaign committee ‘grills’ Chuck Schumer on National Hamburger Day

      May 28, 2025

    Categories

    • Business (8,082)
    • Investing (1,993)
    • Politics (15,403)
    • Stocks (3,113)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved