Thousands of jobs saved as drinks chain with Sheffield shops is taken over

Around 2300 jobs have been saved after drinks chain Bargain Booze was rescued from administration in a multi-million pound deal.

Tuesday, 10th April 2018, 09:31 am
Updated Tuesday, 10th April 2018, 09:36 am
The Bargain Booze store in Crookes, Sheffield. Picture: Google

The discount booze retailer was placed into administration several days ago amid reports that its owner Conviviality had been hit by a £30 million tax bill.

READ MORE: Dozens of Sheffield homes hit by power cutBut the store and fellow drinks retailer Wine Rack has been sold to UK grocery retailer and wholesaler Bestway for £7.25 million.

Conviviality, which has about 20 Bargain Booze and Wine Rack stores across South Yorkshire, said in a statement: "The sale secures continued employment for circa. 2, 300 employees of the Conviviality retail business and provides continuity of trade for suppliers and franchisees."

Paul Taylor, area organiser, said: "Clearly this is a very worrying time for our members, with all the uncertainty that goes with the sale of a business.

READ MORE: Tragic mum pays tribute to young daughter on Facebook day before death crash in Barnsley"We are working with the company to ensure that the staff are protected through the sale process and we’ll be seeking an early meeting with any new owner. In the meantime, Usdaw is providing our members with the support and advice they require.”