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Bibendum and Matthew Clark owner C&C Group reports drop in profit

Published:  16 May, 2018

C&C Group has reported a drop in full-year net revenue and profit with sales hit by severe weather in the second half.

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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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Cold weather turns into pressure cooker for high street stores

Published:  23 March, 2018

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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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