Conviviality, owners of the Bargain Booze chain, has struck a deal to acquire beer, wine and spirits wholesaler Bibendum for £60 million. The acquisition is expected to increase the group’s turnover by 23% through total sales of over £1.4 billion annually.
The move follows Conviviality’s purchase of drinks supplier Matthew Clark last year. Diana Hunter, chief executive of Conviviality, said: “Bibendum PLB’s wine speciality, particularly in old world and premium wines complements our other businesses and helps us to accelerate our leading position in the independent on-trade market. The team brings significant wine wholesaling expertise and an enviable portfolio of high quality and loyal customers, particularly in London and the South East.
“Meadowhall Sheffield gains new Michael Kors flagship store Michael Kors has opened a new regional flagship store at Sheffield’s Meadowhall shopping centre. The 2,160 sq ft store, which will stock the group’s full range of accessories, is located on the upper High Street and joins a selection of other recent openings including Diesel, Kiko Milano and Goldsmiths.
Richard Crowther, asset manager for British Land, said: “Michael Kors is a fantastic addition to Meadowhall’s fashion line-up. Combined with the strength of House of Fraser and the mix of premium brands on Park Lane, Meadowhall has a fashion offer that is unrivalled in the region. This letting also highlights the strength of demand for Meadowhall from some of the best-known fashion brands in the world.”
