A well being and wonder retailer based on a Lancashire market stall greater than half a century in the past is lining up a debt funding package deal three years after it was bought.
Sky Information understands that Bodycare, which trades from about 130 shops throughout the UK, is near unveiling new financing offered by Aurelius, the personal fairness investor.
Metropolis sources stated the deal may very well be introduced as quickly as this week.
Cash newest: Why Amazon is ‘disappointed’
Bodycare, which has been suggested on the brand new funding by Interpath Advisory, is backed by Baaj Capital, which just lately rescued In The Fashion – one in all its present firms – by means of a pre-pack administration.
The dimensions of the brand new financing package deal was unclear on Monday.
Bodycare was established by Graham and Margaret Blackledge in Skelmersdale in 1970, and sells branded merchandise made by the likes of L’Oreal, Nivea and Elizabeth Arden.
The chain was worthwhile earlier than the pandemic, however like many retailers misplaced tens of millions of kilos within the monetary years instantly after it hit.
Bodycare acquired monetary help from the taxpayer within the type of a multimillion pound mortgage issued below one of many Treasury’s pandemic funding schemes.
The chain is run by retail veteran Tony Brown, who held senior roles at BHS and Beales, the now-defunct division retailer teams.
Neither Bodycare nor Aurelius may very well be reached for remark, whereas Interpath declined to remark.
