It took less than four weeks for a firm worth more than half a billion pounds to fall apart. Magners cider owner, C&C Group, to buy wholesale arm of Conviviality Read moreConviviality was a big player in the drinks business. It ran the bars at major outdoor events including the Isle of Wight festival and the Henley regatta. Industry observers say that Conviviality’s acquisitions, while delivering stunning revenue growth that looked impressive, ended up exposing underlying weaknesses in its management. Mark Brumby, chief executive of the retail analyst Langton Capital, said Conviviality was always running a risk.

Source: The Guardian April 05, 2018 18:47 UTC