skip to main content
  • *
  • *
Find Insight DIY on
* * *


99p Stores up for sale

One of Britain's largest discount retailers, 99p Stores could be about to change hands for up to £80m.The company's owners have appointed advisers from DC Advisory Partners to work on a strategic review of the business, which could lead to its sale.

A deal is likely to net founder and entrepreneur, Nadir Lalani, a multi-million pound fortune. Bankers believe the business could be sold for between £60m and £80m. It is thought the Lalani family owns a stake of 50pc, while Barclays Ventures has a 25pc shareholding. The remainder of the shares in 99p are owned by other private investors.Mr Lalani established the business in 2001, opening his first store in Holloway, north London, with the simple concept of selling items for less than a pound.

Source : The Retail Bulletin

27 March 2011
view more UK DIY News

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

Paul Boyce - European CEO, QEP Ltd.

Don't miss out on all the latest, breaking news from the DIY industry