Bestway news and analysis – Page 8
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NewsLousada departs Matthew Clark & Bibendum after C&C buyout
Lousada was commercial director of the drinks wholesaler, which was bought by C&C last month after previous owner Conviviality went into administration.
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NewsBestway seeks to reassure Bargain Booze franchisees
The wholesaler held meetings last week in Manchester, Leeds and Swindon, which were attended by a total of 250 franchisees…
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NewsBestway wholesale recovery marred by poor health of Well
Well Pharmacy profits slumped due to less NHS funding and higher wages
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Analysis & FeaturesMartin Race of Bestway on its £7.25m swoop for Conviviality
As Bestway appears to have landed its very own bargain booze deal with a £7.25m swoop for Conviviality Retail, MD Martin Race talks about the rationale for the deal and plans for the future
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NewsConviviality confirms £7.25m retail sale to Bestway
Stricken Conviviality has confirmed the £7.25m sale of Conviviality Retail to Bestway, including the Bargain Booze, Select Convenience, Wine Rack and Central Convenience chains.
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NewsExclusive: Bestway set to acquire Conviviality Retail in £7.25m pre-pack deal on Monday
Wholesaler’s intervention looks to have saved 2,000 jobs, in knockdown deal set to be rubber-stamped next week
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NewsConviviality franchisees still in the dark about their future
Despite parent company Conviviality falling into administration, the retail business continued to trade as a going concern
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NewsCity snapshot: Conviviality confirms C&C Group wholesale deal
Conviviality put out a statement after hours confirming it had sold its Conviviality Direct business to C&C Group after putting the division into administration with PWC. Plus, Ahold Delhaize CEO to step down and all the latest news from the City.
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NewsC&C Group completes Matthew Clark and Bibendum rescue
Magners owner C&C Group has completed a deal to assume full ownership of the Matthew Clark and Bibendum wholesale businesses belonging to beleaguered Conviviality.
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NewsC&C Group in talks to buy Conviviality's Matthew Clark and Bibendum
C&C Group, with the support of AB InBev, is in advanced talks to buy Matthew Clark and Bibendum from stricken Conviviality for a nominal sum.
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Comment & OpinionConviviality receivership marks another wholesale tragedy
Investors were being asked to risk more money for Conviviality while having zero visibility about future leadership
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Analysis & FeaturesAs Conviviality administration looms, who are the likely buyers?
Sources close to the situation claim numerous suitors have expressed an interest
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NewsCostcutter rejected Bestway proposal after Co-op deal
Sources close to both parties told The Grocer this week that Bestway approached Costcutter in December
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NewsCity snapshot: Conviviality files notice to appoint administrators
Conviviality has announced the board intends to appoint administrators within 10 business days, GfK’s Consumer Confidence Index increased three points in March and all the other news from the City
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NewsConviviality on the brink after failing to raise £125m
Shareholders expected to receive “little-to-no value”
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NewsConviviality service levels drop ahead of crucial Easter weekend
Service levels in the crucial run up to Easter now as big a concern as cash flow, sources claim
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NewsMedia Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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NewsCity snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.
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NewsDiana Hunter steps down as Conviviality CEO
She has resigned with immediate effect, while non-executive chairman David Adams has stepped into the role of executive chairman
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NewsBestway credits soaring profits to Best-one performance
Bestway credits soaring profits to Best-one performance