Shocking28 Mar 2018 23:19
Hi all, never posted on this board and not a share holder.
Was an employee at Matthew Clark head office for a number of years. Although margins were tight the business was profitable year on year. Went through hands to Champ when they brought it in an accolade wines JV with Punch. Later to be sold again. I am quite in disbelief of Conviviality, I feel sorry for all you investors and for the workers I know. We always considered it to be a sound industry, those with loads or little money would normally spend on alcohol. When I was also there just to add we had Waverly another drinks firm go under, instead of buying out the company. The work eventually came over, as alternatives are very little. It is a possibility the company could be snapped up, but its likely to be at a loss to share holders.