Fridman’s L1 Retail to buy Holland & Barrett for around $2.3 billion: Source

on Jun26

Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds, Reuters reported citing an unnamed source.

John Keeble | Getty Images

Russian billionaire Mikhail Fridman’s fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds, Reuters reported citing an unnamed source.

Russian billionaire Mikhail Fridman’s fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter.

L1 Retail will take control of the chain from its private equity owners Carlyle Group. The deal was first reported by the Financial Times.

Carlyle Group bought Nature’s Bounty, the owner of Holland & Barrett, in 2010 for $3.8 billion.

L1 Retail, Holland & Barrett, Carlyle Group and Nature’s Bounty were not immediately available to comment.



Previous postMitsubishi eyes Renault-Nissan resources to grow in U.S., China Next postArroyo Seco Weekend: Mom and Dad tackle music festival with toddler in tow. Someday, they'll laugh about it

Leave a Reply

Your email address will not be published. Required fields are marked *



Los Angeles Financial times


Copyright © 2021 Los Angeles Financial times

Updates via RSS
or Email