Alcohol wholesaler and distributor Conviviality is to split itself into three business units after its recent acquisitions of Matthew Clark, Peppermint and Bibendum PLB Group, it has announced.
The news came as the business revealed that group unaudited revenues for the half year to 30 October 2016 were up 211% to £783m, thanks to those acquisitions (Matthew Clark was purchased on 7 October 2015, Peppermint on 31 December 2015 and Bibendum on 20 May 2016).
The three business units will comprise:
- Conviviality Direct: what Conviviality says is the UK's largest independent wholesaler to the on-trade serving 23,000 hotels, pubs and restaurants.
- Conviviality Retail: the UK's largest franchised off licence and convenience chain with 358 franchisees and more than 700 retail stores trading primarily under the Bargain Booze, Bargain Booze Select Convenience and Wine Rack brands.
- Conviviality Trading: a full service brand and wine agency.
Conviviality said that sales in all three divisions were up for the period, with Conviviality Direct up 5.2%, Conviviality Retail up 2.5% and Conviviality Trading up 5.1%.
Diana Hunter, chief executive officer of Conviviality, said: "I am pleased that the group has delivered this strong performance across all divisions during such a transformational period. This further demonstrates the teamwork and dedication of all of our people in maintaining excellent levels of service to their customers. The organic growth in each business unit demonstrates that existing and new customers are increasingly recognising Conviviality as the leading solution provider and distributor to the UK drinks market."
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