Fragrances retailer Bodycare lines up debt funding package

A wellness and quality retailer founded connected a Lancashire marketplace stall much than fractional a period agone is lining up a indebtedness backing bundle 3 years aft it was sold.

Sky News understands that Bodycare, which trades from astir 130 stores crossed the UK, is adjacent to unveiling caller financing provided by Aurelius, the backstage equity investor.

City sources said the woody could beryllium announced arsenic soon arsenic this week.

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Bodycare, which has been advised connected the caller backing by Interpath Advisory, is backed by Baaj Capital, which precocious rescued In The Style - 1 of its existing companies - done a pre-pack administration.

The size of the caller financing bundle was unclear connected Monday.

Bodycare was established by Graham and Margaret Blackledge successful Skelmersdale successful 1970, and sells branded products made by the likes of L'Oreal, Nivea and Elizabeth Arden.

The concatenation was profitable earlier the pandemic, but similar galore retailers mislaid millions of pounds successful the fiscal years instantly aft it hit.

Bodycare received fiscal enactment from the payer successful the signifier of a multimillion lb indebtedness issued nether 1 of the Treasury's pandemic backing schemes.

The concatenation is tally by retail seasoned Tony Brown, who held elder roles astatine BHS and Beales, the now-defunct section store groups.

Neither Bodycare nor Aurelius could beryllium reached for comment, portion Interpath declined to comment.