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Bibendum and Matthew Clark reassure suppliers that it is ‘business as usual’

Published:  12 April, 2018

Bibendum and Matthew Clark have issued a statement to reassure customers that all contracts will be upheld, all outstanding supplier payments will be made and that scheduled retrospective discount payments will also be honoured.

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Rising from the ashes

Published:  10 April, 2018

Opportunity and hard times lie ahead for the trade following Conviviality’s collapse and breakup of its empire. Lisa Riley assesses the impact on rival wholesalers

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£10m fighting fund for Enotria and Coe

Published:  06 April, 2018

Enotria and Coe has announced that private equity owners BlueGem are to invest £10 million to support the growth of the company in the coming months.

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Looking ahead after Conviviality's fall

Published:  06 April, 2018

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Matthew Clark and Bibendum buyout pushed through

Published:  04 April, 2018

The proposed partnership deal between C&C Group and AB Inbev to save Matthew Clark and Bibendum from insolvency has been completed. 

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Conviviality breakup likely as £125m fundraiser fails

Published:  28 March, 2018

Conviviality Plc has failed to raise the £125 million needed to recapitalise the business following a tumultuous month which saw three profit warnings, its market value tumble, shares suspended and the departure of CEO Diana Hunter.

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Conviviality sales surge 9.2% as market share grows

Published:  29 January, 2018

Sales at independent drinks distributor Conviviality surged by 9.2% to £836.3m in the 26 weeks to October 29 2017, the group announced today.

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Conviviality reshuffles leadership team

Published:  15 January, 2018

Conviviality has reshuffled its leadership team following completion of key integration elements relating to  recent acquisitions.

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Matthew Clark continues boutique beers and cider expansion

Published:  28 July, 2017

On-trade distributor Matthew Clark, has expanded its ‘Boutique Beers’ and premium ‘Cider House’ ranges, to tap into growing consumer demand for new and different styles within the beer and cider categories.

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Sales almost double at Conviviality

Published:  25 May, 2017
Conviviality, the owner of Bargain Booze, has seen sales nearly double in the past year to pass the £1.5bn mark. 
  
The independent alcohol wholesaler and distributor, which agreed a £60m deal to acquire wine, spirit and beer distributor Bibendum in May last year, said sales were up from £841m to £1.56bn in a trading statement released this morning (52 w/e to 30 April, 2017).


Net debt was £99 million – “comfortably below” Conviviality’s target, it said, adding the positive results were in line with the board’s expectations.
    

The integration of Bibendum, together with wine wholesaler Matthew Clark which it bought in 2015, was “progressing well”, said chief executive, Diana Hunter.  


"Our focus will continue to be on improving the business and ensuring that benefits are realised from our greater scale, as we drive efficiencies for the group and greater service for our customers.”

Conviviality, which re-organised its activities into three business units during the year – Direct, Retail and Trading, reported growth for each, with sales up 6.4%, 6.1% and 1% respectively. 

"We have come to the end of an unprecedented year of change and I am pleased to report a strong trading performance for the group and for each of its business units,” said Hunter.

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Pinkster Gin follows Matthew Clark listing with first special edition bottle

Published:  16 January, 2017

With Majestic Retail and others reporting bumper sales of premium gin over the festive trading period, one gin brand in particular is looking to make the most out of the UK's next significant commercial holiday. 

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Cool climate wines fuel premium growth at Matthew Clark

Published:  30 August, 2016

Leading drinks distributor Matthew Clark has seen an uplift in sales of wines from cool climate regions

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