The Body Shop’s administrators are keen to wrap up a sale of the health and beauty retailer by the end of this month, according to reports.
Sources have said that FRP want to confirm a sale of the beauty retailer’s remaining British arm before the end of June.
FRP Advisory, which was appointed as an administrator to The Body Shop in February, has asked for indicative bids by June 18, according to Sky News.
Aurelius, the investment firm that took control of The Body Shop ahead of its collapse, is not expected to submit an offer.
Sky also reported that Marks & Spencer, which was rumoured as a possible bidder, will not make an offer.
Sources close to FRP said it has been “encouraged” by the level of interest in The Body Shop from potential bidders to date.
The auction for The Body Shop launched last month after FRP concluded that a restructuring was “not viable”.
Aurelius has reportedly continued to finance the business during the administration process.
FRP, Aurelius and M&S declined to comment.
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