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Conviviality Retail confirms 'small' acquisition talks

Thu, 24th Apr 2014 14:55

Off-licence franchise group Conviviality Retail has confirmed it is in talks to acquire several stores from a rival.The AIM-listed company, which floated in July last year, issued a statement in response to media speculation in the trade press about a purchase of a "small number" of off-licences.Conviviality confirmed it was in discussions with Bibby Retail Services, owner of the 'Rhythm & Booze' chain of off-licences.It stressed that there was "no certainty that any transaction will be concluded" and if it was the deal would be funded through existing resources. "Conviviality continues to look for value-enhancing investments and to manage our existing portfolio in order to maximise value for all our shareholders," it said.Shares in the company were up 0.3% to 166.5p at 14:50 on Thursday. OH
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1 Feb 2016 10:35

Conviviality posts solid interims, sees extra benefits from acquisition

(ShareCast News) - Half-year results from off-licence group Conviviality showed solid underlying growth in the retail business and plenty of encouraging signs from recently acquired wholesaler Matthew Clark. Group sales of £252m in the 27 weeks to 1 November were a 38% improvement on the equivalent

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1 Feb 2016 08:10

Conviviality Swings To Loss In First Half On Matthew Clark Acquisition

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26 Jan 2016 09:41

UPDATE: Conviviality Poaches Home Retail's Argos COO As New Bid Looms

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26 Jan 2016 08:42

Conviviality Poaches Home Retail's Robinson As Head Of Retail Arm

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25 Jan 2016 16:03

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12 Nov 2015 08:52

Conviviality Performs In Line As First-Half Sales Beat Prior Year

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26 Oct 2015 09:09

Elegant Hotels Appoints Conviviality Chairman David Adams To Board

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7 Oct 2015 14:39

Conviviality Retail completes Matthew Clark deal

(ShareCast News) - Off licence and convenience stores owner Conviviality PLC confirmed it has completed the acquisition of Punch Tavern's 50% stake in drinks supplier Matthew Clark for a combined £200m. The London-listed company said the deal for Matthew Clark, a 50:50 joint venture between Punch Ta

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7 Oct 2015 07:05

Punch Taverns Completes Matthew Clark Sale To Conviviality

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8 Sep 2015 09:19

Conviviality Retail jumps on Matthew Clark acquisition

(ShareCast News) - Shares in Conviviality Retail jumped over 20% early on Tuesday, after the off-licence and convenience store chain announced a deal to acquire drinks supplier Matthew Clark (Holdings) for £200m. Conviviality said it expects the deal to be concluded early next month, adding it will

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13 Jul 2015 10:44

Conviviality Retail serves final results as aperitif for Matthew Clark deal

(ShareCast News) - Conviviality Retail, owner of the Bargain Booze chain of off-licence shops, posted final results showing small rises in revenue and profits, though the company's shares remain suspended as it attempts to engineer a reverse takeover of the larger Matthew Clark wine wholesaling busi

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