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|| Russian investment firm L1 Retail acquired Holland & Barrett for $2 billion

l1-retail-holland-&-barrett02.pngL1 Retail, an investment fund controlled by Russian billionaire Mikhail Fridman, acquired Holland & Barrett, the largest European chain of health and wellness food shops, for £1.8 billion.

Founded in 1870, Nuneaton based retailer Holland & Barrett has more than 1,150 locations throughout Europe as well as more than 4,200 manpower. The company has also exceeded £610 million in annual revenues in 2016. Holland & Barrett has more than 9000 skus of products including vitamins, minerals, herbal medicines, supplements, vegetarian food, homeopathy and natural beauty products. Aside from its growing online presence, the retailer also has 10 million active cardholders for its customer loyalty programme. (LetterOne Retail, or simply L1 Retail, aims to invest and help build the next generation of international retailers.)

To see a list of investors from Russia similar to L1 Retail, check the Russian Investors Directory



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