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UK chains Bargain Booze and Wine Rack sold to Bestway

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Conviviality's retail arm includes the Wine Rack chain
Conviviality brands Bargain Booze and Wine Rack are set to be sold to food wholesaler Bestway for
Last week, Conviviality had announced plans to file for administration.The company had shocked investors last month with a profit warning and news of an unpaid ?30m tax bill. It attempted to raise ?125m to rescue the business, but failed to do so.
Retailing
Companies
Alcohol industry
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