A well being and wonder retailer based on a Lancashire market stall greater than half a century in the past is lining up a debt funding bundle three years after it was offered.
Metropolis sources stated the deal might be introduced as quickly as this week.
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Bodycare, which has been suggested on the brand new funding by Interpath Advisory, is backed by Baaj Capital, which not too long ago rescued In The Model – certainly one of its current corporations – by a pre-pack administration.
The dimensions of the brand new financing bundle was unclear on Monday.
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 like many retailers misplaced tens of millions of kilos within the monetary years instantly after it hit.
Bodycare acquired monetary assist from the taxpayer within the type of a multimillion pound mortgage issued below one of many Treasury’s pandemic funding schemes.
The chain is run by retail veteran Tony Brown, who held senior roles at BHS and Beales, the now-defunct division retailer teams.
Neither Bodycare nor Aurelius might be reached for remark, whereas Interpath declined to remark.
