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

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


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.

About admin

Check Also

The 2020 election race remains tight between Trump and Biden

© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time …