'Bargain Booze up for sale' - report

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.