ECI ends hunt for Bargain Booze buyer

  • Print
  • Share
  • Comment
  • Save

The private equity owner of Bargain Booze has abandoned its hunt for a buyer for the off licence chain.

ECI Partners today said it had “opted to retain ownership” of Bargain Booze.

The news follows an “extensive strategic review” by accountancy giant KPMG, which was called in last year to evaluate options including a sale.

“Following the completion of the review, [ECI’s] ownership of the company will continue and they look forward to developing the business,” the company said in a statement.

Bargain Booze operates over 670 franchised stores across England and Wales, generating profits of £13m in its most recent set of accounts.

Have your say

You must sign in to make a comment

Related images

  • Bargain Booze
  • Print
  • Share
  • Comment
  • Save

Grocer jobs Experts in FMCG

Yankee Candle Product Development Executive

Product Development Executive - Yankee Candle

£27k-£28k (DOE) plus benefits
Search jobs
Sign in

Newsletter Sign-up

Free

I wish to receive the following newsletters:

For Members

Become a Gold Member to receive these newsletters:

Become a Finance Member to receive these newsletters:

Become a member of The Grocer

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers