Holland & Barrett was founded in 1870 and has grown to be Europe’s largest health and wellness retail chain
Fast growing Nuneaton health and wellness retailer Holland & Barrett has been bought in a huge £1.77 billion deal.
Retail investment fund L1 Retail, run by Russian billionaire Mikhail Fridman, has acquired the business from the Nature’s Bounty Co and the Carlyle Group.
Holland & Barrett was founded in 1870 and has grown to be Europe’s largest health and wellness retail chain with 1,150 stores around the world.
L1 Retail is the retail investment arm of LetterOne and the transaction is due to close by September this year subject to regulatory approval.
Headquartered in Eliot Park, Nuneaton, Holland & Barrett saw annual revenues last year of more than £610 million.
The company has enjoyed sustained growth over an eight-year period, opening new stores and investing in its online sales platform.
It has increased its presence significantly in Scandinavia and developed a partnership with Tesco.
"Headquartered in Eliot Park, Nuneaton" but not for long eh?
