A consortium spearheaded by an investment firm is set to save troubled retailer The Body Shop.
The health and beauty store collapsed into administration in February, just six weeks after a European private equity firm had bought the business for £207m.
Its failure led to around 800 jobs losses and a number of store closures, albeit the store in the Bon Accord Centre was unaffected.
Around 75 of The Body Shop's worst performing stores across the UK were closed, leaving it with about 100 high street shops overall.
But it seems British tycoon Mike Jatania is set to rescue the stricken chain.
Aurea Holdings, an investment firm led by Mr Jatania, is reportedly working on the acquisition progress. Former Molton Brown CEO Charles Denton is also said to be part of the deal.
Mr Jatania's has had previous success in the cosmetic industry having sold the maker of Lypsyl to rival Li & Fung for around £150m in 2013.
FRP and Aurea Holdings have declined to comment.