Conviviality doubles its profits
Crewe-based Conviviality, owner of Bargain Booze and Wine Rack, has more than doubled its full year profits to £22.5m.
The pre-tax profits for the 12 months to the end of April are a 147% increase on the £9.1m it made the previous year. It also almost doubled sales to £1.56bn. Net debt of £95.7m was comfortably below target.
During the year, the transformation of Conviviality from its foundations as a franchised off licence business into a drinks wholesaler and distributor has been further underpinned with the acquisition of... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
