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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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Looking ahead after Conviviality's fall

Published:  06 April, 2018

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Not too big to fail: Where it all went wrong for Conviviality

Published:  06 April, 2018

With annual sales of £1.6bn and shares flying high at 425p each on the stock market at the end of 2017, Conviviality seemed to be more than keeping its head above water in the choppy seas of today’s difficult trading environment.

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C&C and AB InBev to acquire Matthew Clark and Bibendum PLB

Published:  04 April, 2018

Brewing company C&C in partnership with AB InBev are likely to save Matthew Clark and Bibendum PLB.

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Trade reactions to Conviviality collapse

Published:  29 March, 2018

In light of Conviviality’s fall from grace, following a tumultuous month which saw three profit warnings, its market value tumble, shares suspended and the departure of CEO Diana Hunter, Harpers has gathered opinions from across the drinks industry as the business prepares to file for administration

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Conviviality to file for administration after failing to raise emergency funds

Published:  29 March, 2018

Conviviality has confirmed the board has resolved to file notice of intention to appoint administrators following discussions with its lending banks.

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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 dismisses financial turmoil as ‘short-term challenge'

Published:  20 March, 2018

Conviviality chairman David Adams, who today stepped into the position of executive chairman following Diana Hunter’s resignation yesterday, has set out to reassure the industry of the company's future.

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Diana Hunter steps down as Conviviality CEO

Published:  19 March, 2018

 

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Cash strapped Conviviality looks to equity fundraise to meet £30m tax bill

Published:  16 March, 2018

Cash strapped wholesaling group Conviviality has announced it is in talks to begin equity fundraising in to plug a £30m tax shortfall which is due on March 29.

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Conviviality shares suspended

Published:  14 March, 2018

Shares in Conviviality have been temporarily suspended from trading on the Alternative Investment Market (AIM) as it faces £30 million tax bill.

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Conviviality brings Leefield Station to the UK

Published:  07 March, 2018

Conviviality has teamed up with winemaker Brent Marris to bring Leefield Station Sauvignon Blanc and Pinot Gris to the UK for the first time.

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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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UK Agents: are you being served?

Published:  04 January, 2018

I wish to be cremated… one tenth of my ashes shall be given to my agent, as written in my contract,” quipped Groucho Marx of the breed that acts for the stars. Finding humorous quotes at the expense of agents is easy work, whether levelled at the acting or commercial world, with these designated business representatives – popularly the “10 percenters” – coming in for flack for apparently sitting back while counting their cut for little in return. 

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Conviviality Retail to ‘accelerate growth’ with £25M acquisition of over 100 Central Convenience Stores

Published:  15 December, 2017

Conviviality, the alcohol wholesaler, distributor and high street retailer, is to buy 109 convenience stores from failed Palmer & Harvey (P&H) through its subsidiary Bargain Booze.

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Conviviality offensive continues as sales rise across business units

Published:  07 November, 2017

Conviviality continues to demonstrate its buying and selling power via its half-year trading update, which shows positive growth in each of its three newly configured business units.

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Bibendum grows Italian premium portfolio with Apulian addition

Published:  25 July, 2017

Bibendum has added a selection of wines from artisan Italian producer, Masseria Li Veli, to its portfolio of premium wines.

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Profit more than doubles at Conviviality

Published:  17 July, 2017

The Conviviality steam train shows no sings of stopping if its FY17 results are anything to go by.

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Movers and Shakers: Conviviality, Justerini & Brooks, Douglas Laing

Published:  26 May, 2017

A number of key appointments and distribution agreement have been percolating through the trade this week.

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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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LWF: Santa Rita winemaker talks 120 ambitions

Published:  23 May, 2017

Harpers caught up with Santa Rita to discquss the launch of their refreshed 120 brand which is being launched with two new varietals at this year’s London Wine Fair.

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