Consolidation – Page 4
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NewsConviviality confirms PwC as administrators
Conviviality Plc has appointed PricewaterhouseCoopers LLP as administrators to the business.
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NewsConviviality in talks with various parties over sale of Retail arm
Conviviality has confirmed it is in discussion with a number of parties interested in the purchase of the Retail business.
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NewsConviviality to file for administration in two weeks
Conviviality plc is to appoint administrators within the next fortnight after failing to raise the £125m it required to save the business.
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Features and analysisConsolidation: The growth for small stores
Consolidation in the industry is likely to have profound and transformational consequences, but small stores may be the better for it.
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NewsConviviality seeks £125m to recapitalise business
Conviviality has triggered an equity placing to raise £125m from investors in order to recapitalise the business.
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NewsConviviality ceo Diana Hunter resigns with immediate effect
Conviviality ceo Diana Hunter has stepped down with immediate effect following a tumultuous week in which the company’s shares were suspended for trading as it faced up to a surprise £30m tax bill.
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NewsConviviality shares suspended after surprise £30m tax bill
Conviviality Plc shares have been suspended for trading on the Alternative Investment Market (AIM) after the Bargain Booze owner identified an unexpected £30m tax payment due on 29 March.
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NewsBargain Booze owner slashes profit forecast by £5.4m
Bargain Booze and Select Convenience owner Conviviality has announced that a “material error” in its trading forecasts means company profits will be £5.2m lower than expected.
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NewsIndies expect quick wins from Booker-Tesco merger
Booker-affiliated retailers are expecting some quick wins from the wholesaler’s merger with Tesco, which came into effect this week.
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BlogA launch into space
The Booker-Tesco merger needs to be a launchpad for a more profitable and competitive future for the thousands of small businesses that depend on Booker to be a strong, stable and effective partner.
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NewsCostcutter retailers upbeat about Co-op future
Many Costcutter-affiliated retailers are growing in optimism ahead of the upcoming supply deal with the Co-op Group.
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NewsCostcutter/Co-op deal "distinctive and competitive"
Costcutter will have a “distinctive and competitive” offer for retail members once the new supply deal with the Co-op takes effect from April, chief executive Darcy Willson-Rymer has pledged.
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NewsConviviality set to fully supply Central Convenience stores
The 127 Central Convenience stores recently acquired by Conviviality Retail will be fully supplied by the group by the end of February, with most scheduled to be converted to the Select Convenience brand over the next 18 months.
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Features and analysisMergers of convenience
The Tesco and Booker merger set the c-store sector on a course of consolidation, sparking a flurry of supply deals and takeovers. C-Store asks retailers their views on how they see the activity affecting their businesses.
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BlogA very new, new year
With such unprecedented change about to sweep through the independent convenience sector, 2018 will certainly be all about the “new”.
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NewsCostcutter contingency plans start rolling into action
Costcutter maintains it has put measures in place to help retailers’ short-term cash flow issues by setting up direct accounts with wholesalers, billed through their normal Costcutter account
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BlogTime marches on
The major changes in the industry that have been anticipated throughout 2017 are finally reaching their end-game.
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NewsIndustry holds its breath on consolidation
The month of November looks set to be a pivotal one in the history of the independent convenience store industry as the much-anticipated wave of consolidation starts to take shape.
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NewsCostcutter still exploring "all possible opportunities"
Costcutter is continuing to “explore all possible opportunities” over its future supply arrangements, more than two months after promising a formal announcement to its members.
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NewsWholesalers ask CMA to block Booker-Tesco merger
The leaders of seven of the UK’s largest wholesale operations have jointly written to the Competition and Markets Authority (CMA), urging it to block the proposed merger of Booker and Tesco. In the letter, the group refutes the claim that the merger would enhance competition and promote consumer interests, maintaining ...
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