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"Bargain Booze owners seek to sell," claims the Independent

Published:  01 September, 2011

The private-equity owners of Bargain Booze have put the off-licence chain up for sale, according to a report in the Independent newspaper.

The article claims that ECI Partners has appointed accountancy firm KPMG to handle the sale process of the 600-store group. First-round bids are due at the end of September.

The chain could go for as much as £100 million, the Independent suggests.

"The retailer has benefited from the demise of rivals such as Threshers and delivered pre-tax profits of £13.2 million for the year to April 30 2010, on sales of £371 million, according to its latest accounts," the newspaper said.

Bargain Booze was acquired by ECI Partners for £63.5 million in January 2006.