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THE WHAT? Non-public fairness agency Aurelius is about to nominate directors for The Physique Store’s UK operations simply weeks after buying the retailer from Natura &Co for £207 million.
THE DETAILS The Physique Store, which has about 200 shops in Britain, faces monetary difficulties with inadequate working capital and weaker buying and selling efficiency than anticipated. The administration course of, which might result in retailer closures and job losses, is geared toward securing decrease rents and lowering operational prices to stabilize the enterprise financially.
THE WHY? This transfer is a part of Aurelius’s broader technique to show across the struggling retailer, which incorporates promoting elements of the enterprise in mainland Europe and Asia. The administration isn’t anticipated to impression The Physique Store’s world franchise companions.
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