Conviviality doubles its profits

Crewe-based Conviviality, owner of Bargain Booze and Wine Rack, has more than doubled its full year profits to £22.5m. The pre-tax profits for the 12 months to the end of April are a 147% increase on the £9.1m it made the previous year. It also almost doubled sales to £1.56bn. Net debt of £95.7m was comfortably below target. During the year, the transformation of Conviviality from its foundations as a franchised off licence business into a drinks wholesaler and distributor has been further underpinned with the acquisition of... For the full story register now for free or login below...
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