Bestway news and analysis – Page 9
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NewsCity snapshot: Conviviality explores equity fundraising to plug financial hole
Beleaguered booze retailer and wholesaler Conviviality has issued another market update to attempt to reassure the City, this time suggesting it is exploring an equity fundraising to plug the hole in its balance sheet.
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NewsConviviality faces fight for survival in cash crunch
Booze giant Conviviality faces a battle for survival after a week of turmoil that saw more than £350m wiped from its value and PwC called in for help.
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NewsConviviality calls in PwC after unexpected £30m tax bill
The ailing booze giant is to meet with HMRC and key stakeholders
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NewsConviviality suspends shares after week of turmoil
The Bargain Booze and Matthew Clark owner’s shares have crashed by around two thirds since last Thursday
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News‘Arithmetic error’ to blame for wiping £365m off Conviviality
Conviviality has updated the market after its shock profits warning on Thursday to confirm that its full-year adjusted EBITDA will be around £14m lower than previously forecast.
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NewsTwo-thirds wiped off value of Conviviality after shock profits warning
Shares in Bargain Booze owner Conviviality plunged by more than two-thirds after the alcohol retailer and wholesaler issued a shock profits warning.
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NewsBestway reports recruitment of 60 ex-Costcutter & Mace stores
Best-One experienced an 18.9% year-on-year sales increase from February 2017 to February 2018
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NewsBestway Wholesale unveils branding for new van sales operation
Bestway Vans Direct is split into two, with one division for snacks and the other for sweets
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NewsConviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
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NewsCity snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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NewsBestway Wholesale to hold 'Big Thank You' promotional event
The Big Thank You will runs across its entire depot estate and online from tomorrow
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NewsBestway launches van sales operation following P&H demise
Noel Robinson, who previously headed up the P&H operation, will oversee the new division…
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NewsConviviality merges drinks buying teams in leadership revamp
Changes would “truly leverage the scale of Conviviality”, the drinks giant said
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NewsConviviality saves 1,300 jobs at P&H subsidiary WS Retail
Deal significantly ups Conviviality Retail’s presence in the south and south west of England…
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NewsCity snapshot: Conviviality offers to buy 127 Central Convenience stores following P&H collapse
Bargain Booze owner Conviviality has offered to buy 127 Central Convenience stores from WS Retail, following the collapse of its parent Palmer & Harvey into administration. Plus all the rest of the latest news from the City
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NewsBestway out of picture for Nisa as wholesaler dubs value crazy
Bestway is categorically not working on a counter offer for Nisa as valuation is “crazy”, says Zameer Choudrey
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NewsSelect & Save switches supply deal from Nisa to Bestway
The convenience store symbol group’s five-year deal with Nisa ended on 30 April…
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Analysis & FeaturesWho will win the battle for Costcutter and Nisa?
Can Bestway really pull off what would be one of the biggest coups in the history of wholesaling?
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NewsWholesalers unite to urge CMA to block Tesco-Booker deal
Wholesalers warn merger would harm suppliers and result in higher prices