'Bargain Booze up for sale' - report

01 September, 2011

A report in the Independent newspaper suggests that a buyer is being sought for Bargain Booze.

The report claimed that ECI Partners – the private equity group which owns the off-licence chain – has appointed accountancy firm KPMG to handle the sale with a price-tag of £100 million.

Bargain Booze confirmed to OLN as long ago as February that KPMG had been asked by ECI to carry out a "strategic review" of the business which could lead to a possible sale of the business.

First round bids are expected at the end of September says the Independent's report.

ECI paid £63.5 million for Bargain Booze in 2006.




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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