Bargain Booze ‘put up for sale’ by private equity owner

Bargain Booze has been put up for sale by its private equity owner, according to press reports.

The off licence chain was bought by ECI Ventures in 2006 for £63.5m.

The venture capital group is reportedly now hunting for potential bidders for Bargain Booze, which it values at up to £90m.

As recently as last week, the chain – which has more than 650 outlets around the country – denied it was due to be sold.