Conviviality raises glass to sparkling Christmas
Date added:
02/02/2016
A SPARKLING Christmas has helped Crewe –based Conviviality, owner of Bargain Booze and Wine Rack, to impressive half-year results.The acquisition of Matthew Clark, the UK’s leading independent wholesaler and distributor of alcoholic beverages to the trade market, also boosted its performance in the period ending November 1 2015. Revenue soared 38% to £252m and the company recorded adjusted pre-tax profits of £3.8m, a rise of 19%. EBITDA rose 43% to £6.5m. Net debt of £98.5m (H1 FY15: net cash...
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