An investor group led by Charles Denton has completed the acquisition of certain assets from Bodycare, the long-standing value beauty retailer.WHO: Founded in Lancashire in the 1970s by Graham and Margaret Blackledge on a market stall, Bodycare has been fixture of British high streets for decades. It sells brands including Nivea, Olay, Elizabeth Arden, and L'Oréal across categories such as cosmetics, skincare, haircare, fragrances, and wellness.WHY: The acquisition of assets, including Bodycare’s brand and intellectual property, provides the basis for a phased revival of the business, with the intention of reopening stores and returning jobs to towns where Bodycare has been part of everyday retail life.IN THEIR OWN WORDS: Denton most recently led the acquisition and turnaround of The Body Shop, and was previously CEO of Erno Laszlo and Molton Brown, both heritage brand turnaround success stories. He said, "Bodycare is much-loved and trusted—it matters deeply to thecommunities it serves. We now have the mandate to bring stores and jobs back by transforming Bodycare’s rich legacy into a modern, scalable and profitable business."Nick Holloway, Managing Director at Interpath and joint administrator, said, "We are pleased to hand Bodycare to an experienced new owner with a clear plan to restart operations. We wish the business every success in the future."DETAILS: An investor group led by Charles Denton has completed the acquisition of certain assets from Bodycare. The terms of the transaction have not been disclosed.