Vaping growth helps keep Conviviality on track
Crewe-based Conviviality, owner of Bargain Booze and Wine Rack, is drinking to increased half-year revenue as growth in vaping mitigates a continuing fall in tobacco sales.
The company said that the decline in the tobacco market is being partially offset by the increase in the vaping assortment, with 403 franchise stores now retailing vape products.
In the 26 weeks to October 29 turnover was 9.2% ahead of last year at £836m (H1 FY2017: £766m) and 7.9% above the corresponding prior period.
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