'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.




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Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

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