The owner of Bargain Booze and Wine Rack, Conviviality, has announced plans to file for administration within two weeks.

Conviviality also supplies wine and spirits to all 900 D Weatherspoon pubs and also the Slug & Lettuce chain and All Bar One pubs.

It has issued profit warnings in recent weeks and revealed a £30m tax bill. The company sought £125m from investors but said it had been unable to raise those funds.

Conviviality employs about 2,500 staff and their jobs are now at risk.

Conviviality had been trying to raise £125m to keep the business going, but had announced that those attempts had failed.

 

If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us. Call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com

 

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Vijay is the Senior Partner and heads up the Litigation team at Wrigley Claydon, where he has worked for over 30 years, amassing a wealth of experience. Many years ago, Vijay was appointed to the Law Society Personal Injury Solicitor Panel as a specialist in injury claims. This has led him to act in many high value injury claims and medical negligence cases. His experience in and knowledge of procedural matters and the interpretation of medico-legal reports and other expert evidence, combined with his friendly but professional approach, enable Vijay to provide a service to clients we believe is second to none. 
 Vijay advises both Corporate and Private clients on cost-effective ways of bringing and defending claims in the Courts. He has successfully acted on numerous large contractual claims and many disputed probate cases. Vijay has lived in Oldham most of his life. After graduating from Leeds University, he trained at Wrigley Claydon, where he soon became one of the youngest partners in the country. Vijay is happily married and has two children. He has served as a member of the Parochial Church Council at St. Paul’s Church and as a Founder Trustee of Emmaus Mossley takes a great interest in the local community. He is now the Chairman of Governors at the school (Oldham Hulme Grammar) where he was once the head boy. Vijay is also a Trustee of the nationally acclaimed Francis House Children's Hospice as well as being an Assessor in Oldham's "Dragon's Den".