Beverages

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 bankruptcy.

The unexpected £30m tax bill led to a suspension of the wholesaler’s shares on the junior market and the cancellation of an £8m dividend payment planned for shareholders.

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