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Holland and Barrett owned by Russian Oligarch

(32 Posts)
Sago Fri 04-Mar-22 08:04:52

I was amazed to read this morning that H&B is Russian owned.
I thought it was a great British institution.
Will Gransnetters boycott the store?
It’s a dilemma for me as they employ thousands of people in the UK.

www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjLmPyK_qv2AhVTXsAKHRNqBSgQvOMEKAB6BAgDEAE&url=https%3A%2F%2Fwww.thisismoney.co.uk%2Fmoney%2Fmarkets%2Farticle-10570825%2FOligarch-forced-step-board-Holland-Barrett-owner.html&usg=AOvVaw3uAPdlVq2FifLutqkdsjsa

Chestnut Fri 04-Mar-22 13:52:27

That is an eye-opener Maizie. Tate & Lyle would be spinning in their graves. As many of them would I suppose. I'd like a list of British companies so we can buy from them.

OakDryad Fri 04-Mar-22 13:56:06

H&B is owned by LetterOne which was founded by Mikhail Fridman and Petr Avens. They have both stepped down. Together they own slightly less than 50 per cent of the group, which means that the company has avoided the sanctions imposed on them as individuals.

Mervyn Davies former Minister of State for Trade, Investment and Business was appointed deputy chair of LetterOne in 2015 and now takes over as chair.

nadateturbe Fri 04-Mar-22 14:26:33

I will boycott and pass on the info to friends.

NotSpaghetti Fri 04-Mar-22 16:02:19

Thanks Oak. I thought so. L1 still owns it.
So he wasn't actually the "owner".

winterwhite Sat 05-Mar-22 11:32:46

Agree with Germanshepherd. This may make us feel better, but the connection between Putin and what is on the shelves in our shops is remote in the extreme. The wealth owners have vast financial empires and will never even know if people stop buy from H&B or Lush which makes it pointless - the only hit will be on British high streets.

Germanshepherdsmum Sat 05-Mar-22 13:02:21

And the people who work in the boycotted shops.