The most popular news stories of 2018

C&C and AB InBev acquire Matthew Clark and Bibendum

With the collapse of UK wholesaler Conviviality earlier this year, news that Matthew Clark and Bibendum were to be acquired by Magners cider maker C&C Group received many hits from readers.

Completing the purchase on 4 April, C&C, which was provided with financial assistance from the world’s largest brewer, AB InBev, acquired Matthew Clark, Bibendum PLB and subsidiary businesses Catalyst, Peppermint, Elastic and Walker & Wodehouse.

Conviviality troubles began after it issued its first profit warning on 8 March in which it declared that a “material error” in its financial forecasts had meant that its profit would be £5.2 million less than expected.

This was followed by an update on 14 March in which it added that it was facing a £30 million tax bill and had suspended trading in its shares. CEO Diana Hunter later stepped down from the board on 19 March.

Conviviality’s retail division, including Bargain Booze and Wine Rack, were later sold to UK grocery retailer and wholesaler Bestway for £7.25 million.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

International Marketing
Paris, France

Sales & Marketing Executive

Vintage Roots Ltd
Heckfield, Hook, Hants

Trade Marketing Manager

Boisset La Famille des Grands Vins
London, UK


Lanka Premium Beverages
Colombo, Sri Lanka

Marketing Executive

IWSC & Club Oenologique
London, UK

Sales Manager

Alliance Wine
Glasgow, UK

Sales Account Manager

London, UK

Sales and Business Development Manager (Spirits)

Protege International Group Cyprus Ltd
London, UK

Business Developer Europe

Copenhagen, Denmark or Haarlem, Netherlands

Wine Sales Administration & Customer Service Assistant

Waddesdon Wine
Waddesdon, Aylesbury, UK

Sangiovese Reset

London,United Kingdom
3rd Mar 2020

Washington State Wine

London,United Kingdom
10th Mar 2020

Prowein 2020

15th Mar 2020
Click to view more