ECI calls off hunt for Bargain Booze buyer
Bargain Booze owner ECI Partners has called off its search for a buyer for the franchise chain.
The private equity company appointed KPMG to carry out a strategic review last February, including looking at a possible sale or refinancing.
A spokesman for ECI told OLN “the time was just not right” for a sale.
“Given its performance it is a good business and they have decided to stick with it and continue supporting it for the current time,” he said.
The company will make another attempt to sell Bargain Booze in the future, but has not set a timeline for the move.