PracticeAccounting FirmsBargain Booze calls in KPMG to secure sale

Bargain Booze calls in KPMG to secure sale

KPMG advisers brought in by private equity owned Bargain Booze to arrange sale or refinancing

KPMG HAS BEEN RECRUITED by a private equity company to sell its wholly owned discounted alcohol retailer Bargain Booze.

ECI Partners appointed the Big Four firm to arrange the sale or refinancing of its 600 store Bargain Booze chain, The Independent reports.

The retailer operates using a franchise structure and includes the trading names Bargain Booze Plus and Thorougoods.

It is thought the retailer has benefitted from the collapse of rivals such as Threshers and Oddbins – both entered an insolvency process in the last 12 months.

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