Who Owns Holland And Barrett 2024

In 2024, Holland & Barrett is owned by LetterOne, an international investment business.^[3] LetterOne, sometimes styled as L1 Retail, acquired Holland & Barrett in 2017.^[7] The company is registered in Luxembourg, and its holding structure has previously drawn attention due to tax and ethical considerations.^[2]

The ultimate parent company, LetterOne, was previously controlled by Russian billionaire Mikhail Fridman, who stepped down amid European Union sanctions imposed following the Russian invasion of Ukraine in early 2022.^[7] In 2024, L1 Retail continues to manage and invest in Holland & Barrett, steering the retailer’s transformation and growth initiatives.^[5]

References

• [2] How ethical is Holland & Barrett International Limited?
• [3] Holland & Barrett: Huge losses continue despite sales surge – City AM
• [5] Holland & Barrett sales rise 10% after ‘landmark’ turnaround
• [7] Holland & Barrett – Wikipedia