Russian billionaire buys retail group
Health food group Holland & Barrett has been bought by a Russian billionaire in a £1.77bn deal.
Mikhail Fridman, who is ranked as Russia's second-richest man by Forbes has bought the retailer through his investment fund L1 Retail.
The retailer was part of The Nature's Bounty Co, a global group owned by private equity giant The Carlyle Group.
Holland & Barrett has more than 1,150 stores in 16 countries, of which around half are in the UK, and in 2016 achieved sales of £610m. It recently expanded its Nuneaton headquarters to ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
