Holland & Barrett has been sold to investment firm, L1 Retail, for $1.8 billion.
L1 Retail is owned by Russion billionaire, Mikhail Fridman. The retail division is headed up by Stephan DuCharme who is also head of X5’s supervisory board, while former Home Retail chief exec, John Walden, Dunhumby founder, Clive Humby, and former Lidl boss, Karl-Heinz Holland, are all on the fund’s advisory board.
The Holland & Barrett deal is expected to close in September 2017.
