Magners cider owner buys Conviviality

Magners cider owner buys Conviviality
 

The Irish company that owns Magners cider is buying part of the UK's biggest alcoholic drinks distributor.
The wholesale division of Conviviality, which collapsed last week, is being bought by C&C in a pre-pack administration.
Conviviality brands including Matthew Clark and Bibendum are included in the deal, which is backed by AB InBev.
Conviviality said last week it planned to appoint administrators, putting 2,600 jobs at risk.
The move followed the discovery of a £30m tax bill and a series of profit warnings.
The Bargain Booze and Wine Rack retail chains, which are also owned by... read more

 
4 April 2018 in Business, Views: 61
Source: BBC
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