Gordon Brothers and Alteri Investors Consider Saving High Street Cosmetic Chain

  • Gordon Brothers and Alteri Investors eyeing rescue bids for The Body Shop’s high street operations
  • Laura Ashley owner Mark Newton-Jones submitted a rescue bid
  • Rival firms Bensons for Beds owner and Modella Capital also in the running
  • The Body Shop collapsed into administration in February, resulting in 489 job losses
  • Administrators closed 75 worst-performing stores
  • The Body Shop’s businesses in Europe and Asia were sold to a family office before UK division declared insolvency

Private equity giants Gordon Brothers and Alteri Investors are among those considering a potential rescue of The Body Shop’s struggling high street operations. Mark Newton-Jones, the former Mothercare and Shop Direct boss who led Laura Ashley, has submitted a bid with administrators for the remaining parts of the cosmetic chain. Rival firm Bensons for Beds owner and Modella Capital, part of private equity house R Capital, are also in the running. The Body Shop collapsed into administration in February after a £207m deal by Aurelius, resulting in 489 job losses and 75 store closures. Administrators at FRP closed the worst-performing stores, leaving around 100 high street shops open. The new owner will face challenges as retailers across Europe and Asia continue to struggle.

Factuality Level: 8
Factuality Justification: The article provides accurate information about The Body Shop’s situation and potential rescue bids from various companies. It mentions relevant details such as the involvement of private equity firms, administrators closing stores, job losses, and the sale of the business in Europe and Asia. However, it lacks some specific numbers or figures to back up its claims and could provide more context on the financial challenges faced by The Body Shop.
Noise Level: 3
Noise Justification: The article provides relevant information about The Body Shop’s potential rescue by private equity firms and its financial challenges but lacks in-depth analysis or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The Body Shop’s insolvency and potential rescue by private equity firms impacts financial markets indirectly through changes in company ownership and job losses.
Financial Rating Justification: This article discusses the financial struggles of The Body Shop, a retail chain, and its potential rescue by private equity firms. This pertains to financial topics as it involves company ownership changes and job losses, which can impact the economy and affect financial markets indirectly.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

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