Gorden Brothers Favored to Take Over Struggling Retailer’s Remaining Assets
- Administrators set deadline for The Body Shop bids
- Gorden Brothers favored to take over
- Alteri pulls out of race
- Authentic Brands Group also in the running
- Aurelius not expected to submit offer
- Next doubted to make a bid
Administrators of The Body Shop have set a deadline of today (July 3) for prospective buyers to submit bids. This comes amid reports that administrator FRP is keen to wrap up the sale of the retailer’s remaining assets after its collapse in February. It is understood that Laura Ashley owner Gorden Brothers is the favorite to take on the chain, following the withdrawal of rival private equity firm Bensons for Beds owner Alteri, as reported by The Sun. Authentic Brands Group, which owns Hunter Boots and Ted Baker, is also thought to be in the running to snap up its remaining 100 stores. Last month it was revealed that The Body Shop’s former owner Aurelius, which called in administrators only weeks after taking control, is not expected to submit an offer. M&S, which was tipped as a possible bidder, quashed rumors it was considering an offer, and there’s growing doubt that rival Next will make a bid. Administrators at FRP put The Body Shop up for sale after concluding that an alternative restructuring was not viable. Aurelius is understood to have continued financing the high street chain during the administration process.
Factuality Level: 7
Factuality Justification: The article provides relevant information about The Body Shop’s sale process and potential buyers, but lacks some details on the financial aspects of the bids and the current state of the company.
Noise Level: 7
Noise Justification: The article provides some relevant information about The Body Shop’s sale process and potential buyers but contains a significant amount of filler content, repetitive information, and unrelated news. It also lacks in-depth analysis or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The Body Shop, Authentic Brands Group, Gorden Brothers, Bensons for Beds owner Alteri, Aurelius, M&S and Next
Financial Rating Justification: This article discusses the sale of The Body Shop after its collapse and potential buyers, which impacts companies in the retail industry and their financial situation.
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 this article.
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