The failed owner of Bargain Booze and Wine Rack has appointed PWC to oversee its administration as it continues its search for buyers.
Conviviality, the off-licence and drinks wholesaling group that announced plans to enter administration last week after owning up to string of accounting errors, has agreed the sale of its wholesale division and is continuing to “engage with parties interested in its retail business”.
Shares remain suspended and it has no intention of replacing its nominated adviser — the financial services firm that shepherds a company onto the Alternative Investment Market (Aim)— after Investec Bank resigned.
