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Bargain hunt is over: what now for Bargain Booze after the ECI deal?

Publication: Grocer
Publication Date: 21-JAN-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Bargain hunt is over: what now for Bargain Booze after the ECI deal?(ECI Partners L.L.P. acquires Bargain Booze Ltd.)

Article Excerpt
The acquisition of Bargain Booze from BWG by venture capitalist ECI Partners for 63.5m [pounds sterling] means all parties can now get on with the job in hand, after a year in which developments at the franchised off-licence chain were effectively put on ice while the fine details of the deal were hammered out.

Bargain Booze joint MD, Matthew Hughes, who will remain in place alongside Tim Stanley, admits the deal took a long time. "We've got 600 stores with 320 franchisees. It was always going to be a complex process."

But the wait was worthwhile, says Hughes,...

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