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Subsequent Expresses Curiosity in Buying Property of The Physique Store

Subsequent has proven curiosity in buying property of The Physique Store, the cosmetics chain presently going through insolvency. In response to sources, Subsequent executives have reached out to directors at FRP Advisory to discover a possible deal for elements of The Physique Store.

Whereas Subsequent has been monitoring The Physique Store for a while, current discussions between the 2 events could have stalled. Subsequent, identified for its acquisitions of distressed retail companies, has beforehand acquired manufacturers like Fats Face, Joules, and Made.com.

Nevertheless, one impediment to a possible cope with The Physique Store lies in the truth that its model and mental property property are usually not a part of the administration course of. Aurelius, the present proprietor of The Physique Store, has secured main property corresponding to inventory and IP, which complicates any potential acquisition.

FRP Advisory, tasked with dealing with The Physique Store’s insolvency within the UK, is predicted to determine on whether or not to launch an public sale within the coming weeks. Aurelius, the present proprietor, can also take into account shopping for again the restructured enterprise.

If Subsequent proceeds with a purchase order, it’s unlikely to retain lots of The Physique Store’s British shops. Latest retailer closures and downsizing of the top workplace have resulted in job losses, a part of the restructuring efforts to revitalize the enduring model.

The struggles confronted by The Physique Store underneath its current possession increase questions on underinvestment and mismanagement through the years. As soon as a distinguished advocate for environmental causes, The Physique Store has confronted growing competitors and a altering retail panorama.

Regardless of its challenges, The Physique Store retains significance on British excessive streets, and its distinctiveness, rooted in environmental advocacy, has left a long-lasting legacy.

As discussions proceed, Subsequent, FRP, and Aurelius have declined to touch upon the matter.