Acquisitions paying off for Bargain Booze owner
Date added:
20/05/2016
CREWE-based Conviviality, owner of Bargain Booze and Wine Rack, says its £200m acquisition of Matthew Clark is already paying off and boosting the bottom line. The AIM-listed company says it has traded well over the past year, with group sales more than doubling to £864m for the full year to May 1 2016 (2015: £364m). EBITDA is expected to be marginally ahead of market expectations, the group said, with end of year with net debt at around £87m. During the year, Conviviality Retail saw net growth of 92 stores, i.....
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