FRC Investigates KPMG’s Conviviality Audit Amid Financial Mishaps
The Financial Reporting Council (FRC) has launched an investigation into KPMG's audit of Conviviality's financial statements from 2017. The...
Conviviality
Bestway Wholesale Acquires Conviviality Retail Brands
In a last-minute deal worth £7 million, Bestway Wholesale has acquired Conviviality's retail brands, saving 2,000 jobs. This comes...
Bestway Acquires Conviviality’s Retail Arm: Saving 4,000 Jobs
Lead: Cash and carry wholesaler Bestway is set to acquire Conviviality's retail chains, including Bargain Booze, saving around 2,000...
Magners Cider Owner Acquires Conviviality Wholesale Division Amid Job Uncertainty
In a dramatic turn of events, C&C, owner of Magners cider, has completed a deal to acquire Conviviality's wholesale...
Investors Eye Legal Action Against Conviviality’s Board Amid Financial Mishandling Claims
Investors of Conviviality, the owner of Bargain Booze and Wine Rack, are considering legal action against the company's board...
Retail Job Crisis: Over 21,000 Jobs Lost or Threatened in Q1
In the first three months of this year, over 21,000 jobs have been lost or put at risk due...
Conviviality Administration Threatens 2500 Jobs Amid Failed Fundraising Bid and £30m Tax Bill
In a shocking turn of events, Bargain Booze owner Conviviality plans to file for administration within two weeks due...
Conviviality Urgent Fundraising Bid to Avoid Bankruptcy
Conviviality, an off-licence retail group, urgently needs to raise £125 million to avoid bankruptcy. The company is meeting with...
Conviviality CEO Resigns Amidst £30m Tax Bill Crisis
In a shocking turn of events, Conviviality's CEO Diana Hunter resigns immediately amidst financial struggles due to an unexpected...
Conviviality Reviews Business Amid £30m Tax Bill, Suspends Shares and Cancels Dividend Payment
In a surprising turn of events, off-licence retailer Conviviality has announced it's reviewing its business while holding "constructive" negotiations...