• Monday, August 15, 2022

Business

Conviviality sells retail unit to Bestway for £7.25m

source: flickr.com/Chris Jobling

By: Sarwar Alam

“This sale secures continued employment for circa. 2,300 employees of the Conviviality Retail business and provides continuity of trade for suppliers and franchisees.”  Alcohol retailer and wholesaler Conviviality has sold its retail businesses to Bestway Direct for £7.25 million, following the appointment of administrators for the embattled business. “This sale secures continued employment for circa 2,300 employees of the Conviviality Retail business and provides continuity of trade for suppliers and franchisees,” said the company in a statement. The retail business of Conviviality include off-licence chain Bargain Booze, Select Convenience, Wine Rack and Central Convenience. It is the UK’s largest franchised…

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