Conviviality released an RNS late yesterday effectively saying that it had failed to secure the necessary funding from institutional investors. This morning it has confirmed the appointment of administrators. Conviviality through its Matthew Clark and Bibbendum subsidiaries is the dominant on-trade supplier to the UK hospitality sector, serving around 23,000 outlets out of a market size of c.45,000. It was thus in the hospitality and drink manufacturers interest that Conviviality secured the nec ....
