L1 Retail

Changes in society, demographics and technology mean that the retail industry, and consumers more generally, are exposed to significant disruption. We aim to partner with businesses, entrepreneurs and management teams that are leading the disruption and transformation of customer experience. Our strategy is to identify and invest in companies that are well-positioned for long-term growth. We invest in companies with sustainable competitive differentiation, helping them develop and grow through a combination of investment and sector expertise. In particular, we focus on driving transformation through data and technology capabilities. In 2017 we acquired 100% of Holland & Barrett from Nature’s Bounty/Carlyle Group for £1.77 bn. Letterone also owns 74.8% of Distribuidora Internacional de Alimentacion S.A. ("DIA"), the Spanish Food Retailer.