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.




Bookmark this


Site Search

COMMENT

Talking terroir

When Bordeaux was in fashion, it seemed almost logical that we should fetishise winemakers. Here were people responsible for brilliant acts of blending, across large estates and multiple grape varieties, including superstars such as cabernet sauvignon and merlot. These days, fashion has moved on and pinot noir is ascendant. As a result, the star of the winemaker has fallen and we find ourselves following a new star in the sky: terroir.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter