Holland & Barrett is owned by L1 Retail , the retail investment arm of LetterOne, an investment group based in Luxembourg that acquired the business in 2017 for about Ā£1.8 billion from The Carlyle Group and NBTY (now The Natureā€™s Bounty Co.).

Who owns Holland & Barrett now?

  • The ultimate parent company is LetterOne Investment Holdings, an international investment group headquartered in Luxembourg.
  • Its retail arm, L1 Retail, bought Holland & Barrett in 2017 for around Ā£1.77ā€“Ā£1.8 billion.
  • Before that sale, Holland & Barrett was owned by The Carlyle Group via its stake in Natureā€™s Bounty (NBTY).

In practical terms, when you ask ā€œwho owns Holland & Barrett,ā€ youā€™re talking about LetterOne (through L1 Retail) as the ultimate owner.

Quick history of the ownership

  • Preā€‘2010s: Part of larger vitamin and supplements groups, eventually under NBTY.
  • 2010s: Controlled by The Carlyle Group after it bought NBTY.
  • June 2017: Announcement that Holland & Barrett would be sold to L1 Retail.
  • Late 2017: Deal completes; Holland & Barrett becomes part of LetterOneā€™s portfolio.

LetterOne itself was coā€‘founded by several investors, including Russian businessmen such as Mikhail Fridman, and it remains the ā€œtopā€‘levelā€ corporate owner, even though Fridman stepped down from roles at the parent company in 2022 following EU sanctions.

Extra context and ā€œlatest newsā€ angle

  • Holland & Barrett today operates over 1,000 stores in Europe and hundreds more via franchises globally, under the same LetterOne/L1 Retail ownership structure.
  • Recent corporate updates talk about financing (for example, a Ā£25m credit facility with Barclays) and international growth, but there is no indication of a new change of ownership as of early 2026.

So, for any current ā€œwho owns Holland & Barrettā€ discussion on forums or news sites, the accurate, upā€‘toā€‘date answer is: it is owned by L1 Retail, part of LetterOne. šŸŸ¢

TL;DR: Holland & Barrett is owned by L1 Retail, the retail arm of Luxembourgā€‘based investment group LetterOne, which acquired it from The Carlyle Group in 2017 and still controls it today.

Information gathered from public forums or data available on the internet and portrayed here.