Holland & Barrett has been sold for £1.8 billion by a retail investment fund controlled by Russian billionaire Mikhail Fridman.
L1 Retail, an arm of the tycoon's holding company LetterOne, said that it has bought the retailer from its parent firm Nature's Bounty, which is owned by private equity giant Carlyle.
The fund's managing partner Stephan DuCharme said:
Holland & Barrett is a clear market leader in the UK health and wellness retail market, with attractive growth positions in other European and international markets, and growing online presence, with a leading customer loyalty programme and 10 million active cardholders.
Headquartered in Nuneaton, Holland & Barrett's annual revenues in 2016 exceeded £610 million. L1 Retail will continue to work with Holland & Barrett chief executive Peter Aldis.
Founded in 1870, it is now Europe's largest health food chain, has outlets in more than 1,150 locations and employs a workforce of more than 4,200.
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A teenager has been arrested on suspicion of firearms offences after police seized a shotgun and ammunition following an incident at a school in Nuneaton.
Officers were called to Higham Lane School just after 9 o'clock this morning. Following the incident, Superintendent David Gardner said:
"We responded promptly and the boy was quickly isolated and the incident contained to ensure there was no risk to pupils and staff. We have seized a shotgun and ammunition. The initial report was received from the suspect himself and he was cooperative with police throughout. Officers were on the scene quickly and he was placed under arrest. I would like to thank staff and pupils at the school for their assistance while we managed this incident. Officers will be at the school for the rest of the day to provide reassurance. We will now carry out enquiries to establish exactly what happened and address any issues around the firearm."
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An animal sanctuary has said it can't always keep up with the high number of calls for help it receives every day.
The staff at Nuneaton and Warwickshire Wildlife Sanctuary say they are receiving between 40 and 50 calls a day.
Geoff Grewcock, founder of the Nuneaton and Warwickshire Wildlife Sanctuary, said:
It is unbelievable how busy we are.
We are getting about 40 or 50 calls a day, we can’t keep up with them all some days.
Now, 16 years after the sanctuary was first founded, Geoff and his team have helped to care for 38,200 animals and this figure rises on a daily basis.
As well as responding to calls from residents, Geoff also helps the police, fire and rescue and Network Rail with any animal related incidents.
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