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Next eyes acquisition of stricken Body Shop

Fashion retailer Next (LSE: NXT) is reportedly interested in buying parts of The Body Shop, which recently entered administration. According to Sky News, Next has approached administrators FRP Advisory to express interest in acquiring assets …

Fashion retailer Next (LSE: NXT) is reportedly interested in buying parts of The Body Shop, which recently entered administration.

According to Sky News, Next has approached administrators FRP Advisory to express interest in acquiring assets from the cosmetics chain if a sale process is launched. Next has been monitoring The Body Shop for some time and is keen to potentially add the brand to its growing portfolio.

However, the report suggests there are uncertainties surrounding the potential deal. FRP might not hold a conventional auction, and initial contact between the two parties might have already stalled.

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Next is known for acquiring struggling retail businesses in the UK. Recent acquisitions include Fat Face, Joules, Made.com, Cath Kidston, and JoJo Maman Bebe. The company also has partnerships with Victoria’s Secret and Gap.

Next’s share price dipped slightly by 0.4% to 8,412.00 pence on Monday.

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