ECI calls off hunt for Bargain Booze buyer

30 April, 2012

Bargain Booze owner ECI Partners has called off its search for a buyer for the franchise chain.

The private equity company appointed KPMG to carry out a strategic review last February, including looking at a possible sale or refinancing.

A spokesman for ECI told OLN “the time was just not right” for a sale.

“Given its performance it is a good business and they have decided to stick with it and continue supporting it for the current time,” he said.

The company will make another attempt to sell Bargain Booze in the future, but has not set a timeline for the move.




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Reasons to be cheerful

I would like to think my outlook on things is generally optimistic. Perhaps that’s a natural consequence of working with something designed to give pleasure. But recently it has become increasingly difficult to ignore a creeping sense of negativity pervading the British wine trade.

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