Update: Magners-owner C&C buys Bibendum and Matthew Clark

Imbibe Editorial

Imbibe Editorial

05 April 2018

Conviviality finally has something to be convivial about, as C&C announces it has acquired Bibendum and Matthew Clark.

C&C, with the backing of global drinks giant AB InBev, has take over the two wholesale businesses, which together supply more than 23,000 venues across the UK. Considerations for the shares will be a nominal sum, and C&C will provide on-going working capital and other cash requirements of the business.

Conviviality purchased Matthew Clark in October 2015 and Bibendum the following May, to the tune of £200m and £60m respectively, making it the biggest operator in the UK’s wine world by some distance.

Last week, Conviviality announced that it would be appointing administrators and looking at selling off all or part of the business, which also encompasses Wine Rack and the Bargain Booze retails chains and employs more than 2,500 people.

The crisis was sparked earlier in the year with the shock revelation that the company had failed to account for a £30m tax bill.

Related articles

Wine

Champagne Doyard switches to Matthew Clark

The latest wine to join Matthew Clark's Wines of Distinction portfolio is Champagne Doyard.This follows strong growth in the company's volume sales of

News

Punch and Accolade sell Matthew Clark shares to Conviviality

Ownership of independent drinks distributor Matthew Clark is set to move to Conviviality Retail Plc, as wine producer Accolade Wines and pub operator

Wine

Cool-climate wines boost growth for Matthew Clark

Conviviality's Matthew Clark has seen an increase in sales of wines from cool climate regions, with a spike in demand for grape varieties traditionall

Beer & Cider

Matthew Clark predicts quirky labels and grapes for 2016

The new year will be all about fun, according to Matthew Clark, which predicts funky labels and quirky grapes, along with the continued growth of pros