HMV owner considers Body Shop rescue bid
Private equity firm Aurelius is thought to be in pole position to acquire the firm as it is one of its biggest creditors
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HMV owner Doug Putman is reportedly considering a bid to acquire the body shop from its administrators.
According to The Telegraph, Putman has yet to table any formal offer but his interest has raised hopes that the firm may yet be saved.
This news follows reports that The Body Shop has filed for bankruptcy in the US and Canada.
The Body Shop has ceased trading in its 50 US stores and filed for Chapter 7 insolvency where its assets were offloaded to clear debts, putting roughly 400 jobs at risk.
The company is also struggling to pay its suppliers in Australia as it faces cash shortages as a result of its UK collapse according to The Guardian.
The firm’s administrators FRP have so far announced the closure of 82 shops costing almost 500 jobs.
Private equity firm Aurelius is thought to be in pole position to acquire the firm as it is one of its biggest creditors.
Putman was also in the running to acquire Wilko last year but never made any formal offer.
