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Family-owned fragrances retailer Bodycare plots sale

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Family-owned fragrances retailer Bodycare plots sale

A family-owned fragrances retailer based on a Lancashire market stall greater than half a century in the past has appointed advisers to discover a sale.

Sky News understands that Bodycare, which trades from greater than 100 shops throughout the UK, is working with Interpath Advisory on a course of to usher in a brand new proprietor.

City sources mentioned the public sale was at an early stage, and that Bodycare was reviewing a variety of choices for its future.

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 misplaced tens of millions of kilos over the past two monetary years, in keeping with individuals near the method.

Bodycare did obtain monetary assist from the taxpayer within the type of enterprise charges reduction and grants made underneath the federal government’s furlough scheme.

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It additionally took out a £7.8m mortgage underneath one of many Treasury’s pandemic mortgage schemes, in keeping with accounts filed at Companies House.

Customer footfall had partially rebounded, however was nonetheless properly under pre-pandemic ranges, the accounts filed in July 2021 mentioned.

The sale course of comes as Boots, the excessive avenue behemoth, can also be in talks with potential consumers after being put up on the market by its New York-listed dad or mum firm, Walgreens Boots Alliance.

Bodycare declined to touch upon Thursday.

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