Waterstones proprietor rumored to be within the operating for The Physique Store

THE WHAT? The proprietor of Barnes & Noble and Waterstones, Elliott Advisors is alleged to have submitted a bid for Natura &Co’s The Physique Store.

THE DETAILS Sky Information studies that the Brazilian magnificence agency is hoping to achieve a provisional settlement to promote the moral cosmetics chain by the top of October.

THE WHY? Each the funding agency and Natura &Co have declined to remark to the press on the rumors. Natura &Co introduced a seek for ‘strategic alternate options’ for The Physique Store final month; however has but to verify any sale. Elliott has turn into more and more energetic as a personal fairness investor and has been linked to a lot of high-profile offers of late, together with the sale of Cineworld, suggesting it’s eager to department out from books.