Virgin Wine has announced that it anticipates revenue and profitability for FY21 to be ahead of its previous expectations, with turnover for the year expected to be no less than £73m and an improvement in EBITDA margin.
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Supplier Liberty Wines and merchant Berry Bros. & Rudd (BBR) are among those leading a number of initiatives to support hospitality businesses during Covid-19 lockdown.
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Cash strapped wholesaling group Conviviality has announced it is in talks to begin equity fundraising in to plug a £30m tax shortfall which is due on March 29.
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Shares in Conviviality have been temporarily suspended from trading on the Alternative Investment Market (AIM) as it faces £30 million tax bill.
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