Lloyds Pharmacy owner joins bidders for The Body Shop
It is understood that Morgan Stanley is managing the sale process and hopes to reach a deal by the end of the month
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The owner of Lloyds Pharmacy, Aurelius Group, is among the latest bidders to buy cosmetics chain The Body Shop, according to Sky News.
The group now joins Waterstones owner Elliot Advisors and private equity firm Epiris in the running to buy the chain. It is unclear whether Alteri Investors remains among the bidders.
The news comes after The Body Shop’s owner, Natura and Co, put the chain up for sale last month.
It is understood that Morgan Stanley is managing the sale process and hopes to reach a deal by the end of the month.
Natura acquired The Body Shop in 2017 from L’Oréal but in recent years has struggled to maintain profitability. Recently the group had posted six consecutive quarters of losses.
Aurelius Group was contacted but could not provide any comment.
