The North American brewing giant that makes Carling and Cobra lagers has emerged as a contender to buy all or part of Conviviality Retail, the stricken owner of the Bargain Booze chain.
Molson Coors, a big user of Conviviality’s wholesale distribution business, is understood to be in talks with the company’s administrators, as is C&C Group, home of Magners cider and Tennent’s lager.
Conviviality announced last Thursday that it would be appointing PwC after failing to raise £125m in an emergency rights issue. The news capped an astonishing fall from grace for the one-time stock market darling.
