Wine Rack and Bargain Booze set to be rescued from brink by wholesaler in £7m deal
About 2,000 jobs are set to be saved with the expected buyout of retail chains Wine Rack and Bargain Booze in a £7m deal.
The retail division of troubled drinks group Conviviality has been acquired by grocery wholesaler Bestway in a pre-pack administration process, which allows the buyer to cherry pick a collapsed company’s best assets at a bargain price.
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