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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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Leaked documents show UK will stay in single market

Published:  08 December, 2017

The UK will remain a member of the EU's customs union and single market between 2019 and 2021 according to a leaked copy of European Council guidelines for upcoming trade talks.

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Crunching currency

Published:  07 December, 2017

The impact of Brexit on sterling has been a major factor in 2017 trade. Industry insider Hamish Gillespie, finance director at North South Wines, explores how best to mitigate the downside

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BrewDog and Cult Wines on fast-track to success

Published:  07 December, 2017

Scotland’s largest independent brewer, a northern pub and restaurant operator and London based fine wine merchant are the three stand out drinks companies to have made it into this year’s list of the UK’s fastest growing businesses.

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“Mutual recognition” at borders could help facilitate post-Brexit trade

Published:  05 December, 2017

Brexit talks floundered once again yesterday as PM Theresa May was forced to pull out of a deal with Brussels following a row with the Democratic Unionist Party (DUP) over the status of the Irish border.

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Naked Wines boosts Majestic half year performance

Published:  23 November, 2017

Majestic Wine said it is ready to “put our foot on the gas and accelerate growth” on unveiling its half year results today.

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Hammond's white cider clamp-down could unfairly hit artisanal producers

Published:  23 November, 2017

CAMRA, the body which represents the interests of the UK beer and cider industry, has expressed concerns that artisanal cider producers who producer higher ABV products could be tarred by the same brush which is intended to increase duty on high-alcohol, cheaply made ciders.

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Supreme Court clears path for 50p-per-unit minimum pricing in Scotland

Published:  15 November, 2017

Scotland is set to become the first country to introduce minimum unit pricing (MUP) on alcohol after the UK Supreme Court rejected a challenge by the Scotch Whisky Association (SWA).

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EU and UK wines and spirits chiefs launch joint Brexit proposition paper

Published:  19 October, 2017

European and UK bodies responsible for the wider wine and spirit industry have joined together to publish a joint position paper to outline their stance on Brexit.

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Price-savvy Brits look to eastern Europe as Majestic sales soar 400%

Published:  21 August, 2017

Eastern European wine sales are up 400% at Majestic as Brits look to avoid price hikes due to the impact of Brexit.

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TWE's Tom King joins the WSTA board

Published:  21 August, 2017

Dan Townsend’s successor at Treasury Wine Estates (TWE) has joined the board of the Wine and Spirit Trade Association (WSTA).

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Investors “lose confidence” in M&S following food and drink decline

Published:  11 July, 2017

A disappointing drop in food and drink sales at Marks & Spencer has put a dampener on CEO Steven Rowe’s recovery plan for the retailer. 

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Majestic Wine ‘past tipping point’ as £1.5m loss offset by rising footfall and sales

Published:  15 June, 2017

Majestic Wine’s full-year reported profit before tax has revealed a loss of £1.5 million, set against a 15.8% rise in sales and 12% growth in the company’s customer base to 825,000 active customers.

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D&D Wines: Angove’s five year battle to get paid

Published:  08 June, 2017

Many readers will recall the collapse of D&D Wines in 2012, leaving numerous wine suppliers from around the world owed large amounts of money for wine supplied. In such cases there is not usually much left for unsecured creditors once the liquidators have taken their fees. However, Australian producer Angove Family Winemakers was in an unusual position, which gave it a prospect of being paid in full. But Angove had to battle with D&D’s liquidators for nearly five years, and all the way to the UK Supreme Court, to obtain payment.

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BrewDog UK sales jump 97%

Published:  31 May, 2017

Craft beer darling BrewDog has revealed turnover of £72 million in 2016.

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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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Jerry Lockspeiser: That's your bloody GDP. Not ours.

Published:  10 February, 2017

Mark Carney, the Governor of the Bank of England, recently announced an increase in the annual growth forecast for the UK economy from 1.4% to 2%. But things may not be as good as they sound.

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Mixers see highest growth of soft drinks driven by health trend and premiumisation

Published:  29 March, 2017

The Fever Tree effect is responsible for the rapid growth of mixers over the past 12 months.

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"Worrying" times for Sainsbury's as supermarket points to unstable climate for sales set-back

Published:  16 March, 2017

Sainsbury's has warned of "very competitive" trading conditions in the wake of the post-Brexit sterling slump as the supermarket suffered a slight sales decline in the fourth quarter of the financial year.

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Snapshot of gin as it's crowned the king of Christmas spirits' growth

Published:  08 March, 2017

The gin renaissance has been in full swing for some time now, but new data has confirmed its position as the major cause of excitement - and growth - in the spirits category.

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