Holland & Barrett sold to L1 Retail for £1.77bn

By Lucy Tandon Copp 26-Jun-2017

Europe’s largest health and wellness retailer sold by The Nature’s Bounty Co and The Carlyle Group

Holland & Barrett, the health, beauty and wellness retail chain, has been acquired by L1 Retail in a £1.77bn deal.

The transaction between the LetterOne (L1) retail investment arm and previous owners The Nature’s Bounty Co and The Carlyle Group is expected to close in September.

Peter Aldis, CEO, Holland & Barrett, said the company was “delighted” to partner with L1 Retail.

“Carlyle has been a great partner for Holland & Barrett over the last few years, investing in the brand, our people, and next generation technology, which has driven our growth.

“We look forward to building on this track record as we enter the next chapter with L1 Retail.”

Holland & Barrett's London Marble Arch store

Holland & Barrett saw annual revenues exceed £610m in 2016, representing 32 consecutive quarters of growth.

Today it is Europe’s largest health and wellness retailer, and has invested in expanding its beauty offerings with brands including Dr Organic, yes to, Beauty Kitchen, Zoya and Pacifica, among others.

Stephan DuCharme, L1 Retail Managing Partner, 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.

“We look forward to working with Peter Aldis, CEO, Holland & Barrett and his strong management team. We believe that the company is well positioned to benefit from structural growth in the growing £10bn health and wellness market and has multiple levers for long term growth and value creation.”

Sign up for your free email newsletter

Holland & Barrett employs more than 4,200 associates and staff, and operates stores in over 1,150 global locations.