Holland & Barrett owners involved in cluster munitions
According to a report published in 2016, the Carlyle group, the private equity group that is the ultimate owner of Holland and Barrett, had shareholdings in cluster munitions producers Textron.
The report 'Worldwide Investments in Cluster Munitions: a shared responsibility', was published in June 2016 by the campaign group PAX.
The Convention on Cluster Munitions (CCM) categorically bans the use, production, stockpiling and transfer of cluster munitions. 94 countries signed the convention at the Oslo Signing Conference held 3-4 December 2008. The convention entered into force on 1 August 2010.
The report revealed that many financial institutions, including Carlyle, were still financing cluster munitions producers, despite the international consensus being that such weapons were unacceptable, given that civilians make up 98% of all cluster munitions victims.
The company owned shareholdings to the value of US$132 million managed on behalf of Textron at 31 December 2015.