C&C Group settles Matthew Clark and Bibendum £160m debt
C&C Group, the drinks company which bought Matthew Clark and Bibendum out of administration, has paid off £160m of the drinks distributor’s debt. C&C Group acquired the company in April ...
Companies: Conviviality
The latest news and updates on Conviviality, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
FRC launches investigation into KPMG’s last Conviviality audit
The Financial Reporting Council (FRC) has launched an investigation into the most recent audit by KPMG of the financial statements of Conviviality. The FRC is investigating the audit of the ...
Bestway acquires Conviviality retail brands
Bestway Wholesale has completed the purchase of Conviviality’s retail brands, in a deal closed at 11.56pm on Friday (6 April). In the £7m deal, the wholesaler acquired the Bargain Booze, ...
Bestways poised to purchase retail arm of Conviviality
Cash and carry wholesaler Bestway is set to announce its plan to purchase Conviviality’s retail chains, which includes Bargain Booze. According to reports Bestway, run by Zameer Choudrey, is thought ...
Conviviality goes into administration
Drinks retailer and wholesaler Conviviality has filed for administration just a day after selling its wholesale business. Administrators PwC released a statement which read: “Matthew Callaghan, Ian Green and David ...
Magners cider owner buys Conviviality wholesale division
The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer has sold its Bibendum and Matthew Clark brands, with the ...
Conviviality may face legal action from investors
Investors in Conviviality are considering the possibility of legal action against the board of the company amid claims they were misled over its financial health. According to The Times, the ...
Conviviality administration announcement puts 2500 jobs in danger
Bargain Booze owner and drinks supplier Conviviality has announced plans to file for administration within the next two weeks, after failing to secure a proposed £125m fundraising bid to avert ...
Conviviality CEO resigns amid £30m tax bombshell
Conviviality has announced its CEO Diana Hunter has stepped down with immediate effect as its struggles stay afloat following the late discovery of a £30m tax bill. In a statement ...
Conviviality considers equity fundraise following surprise £30m tax bill
Wine supplier Conviviality has said it was engaging with its advisers regarding the possibility of an equity fundraise to effect a recapitalisation of the business. The news comes after the ...
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