Has Bargain Booze Gone Bust?

Conviviality, the owner of Bargain Booze, has officially gone into administration.

Did bargain booze go bust?

Bargain Booze & Wine Rack's collapse

The parent company, Conviviality, entered administration after weeks of seemingly teetering on the edge of an insolvency cliff. Falling sales and a massive £30m tax bill slapped on their desk by HMRC left the business reeling and third party advisors became involved.

What happened bargain booze?

Bargain Booze is a chain of off licence shops, that operates in the United Kingdom. ... From 2013 to April 2018, it was owned by Conviviality plc, who also owned the Wine Rack chain. Both brands were acquired by Bestway on 6 April 2018.