Bargain Booze may be for sale at £90m
The 640-store Bargain Booze chain may soon be on the market for £90 million, according to a report in the Sunday Times.
The 640-store Bargain Booze chain may soon be on the market for £90 million, according to a report in the Sunday Times.
The off-licence chain, owned by private equity firm ECI Partners, has appointed advisors at accountancy firm KPMG to carry out a strategic review.
The newspaper said options being considered include a sale or refinancing.
ECI has owned Bargain Booze since completing a £63.5 million buyout of the business in 2006. Company accounts for the year to April 30, 2010, showed pre-tax profits increased to £4.3 million following a 4% rise in turnover to £371.2 million.
The franchise chain, headquartered in Crewe, Cheshire, operates stores under the Bargain Booze, Bargain Booze Plus, Bargain Booze Select Convenience, Select Convenience, Thorougoods and Thorougoods Select Convenience names.
The companies were not available for comment.
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56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
