'Bargain Booze up for sale' - report

01 September, 2011

A report in the Independent newspaper suggests that a buyer is being sought for Bargain Booze.

The report claimed that ECI Partners – the private equity group which owns the off-licence chain – has appointed accountancy firm KPMG to handle the sale with a price-tag of £100 million.

Bargain Booze confirmed to OLN as long ago as February that KPMG had been asked by ECI to carry out a "strategic review" of the business which could lead to a possible sale of the business.

First round bids are expected at the end of September says the Independent's report.

ECI paid £63.5 million for Bargain Booze in 2006.




Bookmark this


Site Search

COMMENT

Faith in fakes

One of the most fascinating stories in wine, fit to stand alongside the Judgement of Paris, is that of Rudy Kurniawan, a man who managed to fool friends, auction houses and experts into believing they were drinking some of the world’s most expensive wines.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter