By John Glenday

Private equity firm the Carlyle Group has received just the tonic after agreeing to a £1.77bn takeover bid for health food chain Holland & Barrett.

The deal would see L1 Retail assume ownership of all 1,150 stores and responsibility for 4,200 staff, which together generated £610m in revenues for 2016 following an unbroken run of 32 quarters of like-for-like growth.

Lauding its latest acquisition 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 Read full story ›

Source: The Drum