Investment fund snaps up Holland & Barrett chain
Holland & Barrett, which has 22 stores in Northern Ireland, has been acquired for £1.8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman.
L1 Retail, an arm of the tycoon's holding company LetterOne, said that it had snapped up the retailer from its parent firm Nature's Bounty, which is owned by private equity giant Carlyle.
It employs around 150 people across its stores throughout the province.
The fund's managing partner Stephan DuCharme said: "Holland & Barrett is a clear market leader in the UK health and wellness retail market, with attractive growth positions in other European and international markets, and growing online presence, with a leading customer loyalty programme and 10 million active cardholders."