In the wake of its recent acquisition of Bibendum PLB Group, Conviviality has announced strong results for the 53 weeks to 1 May 2016, including an increase of 137% in group sales.
Conviviality is, quite rightly, calling it a 'transformational year'. The company acquired Matthew Clark last year in October, already making it the UK's leading specialist alcohol wholesaler and distributor. This was followed by the acquisition of event bar operator Peppermint in January, and Bibendum PLB in May.
Matthew Clark has been doing well since its acquisition, with sales up 4.9% year-on-year. It's also supplying more outlets, with an increase of 2.9%.
Meanwhile, the business' retail arm is growing too, with 162 new stores opening and 34 closing, taking the company’s total number of stores to 716.
Diana Hunter, chief executive officer of Conviviality, said: 'The acquisitions of Matthew Clark, Peppermint and Bibendum PLB Group enable Conviviality to fulfil its aim to satisfy all consumer drinking occasions, enabling it to have unrivalled insight and expertise as the drinks sector's leading wholesaler and distributor.'