FUTURE FOR STAFF AT CENTRAL CONVENIENCE STORES MUCH BRIGHTER AS £7 MILLION DEAL AGREED

The future for staff at the Central Convenience store and garage forecourt in South Street and at the Central Convenience store which incorporates Kithill post office in Park View, is looking much brighter as news that a deal has been agreed is confirmed by Pricewaterhouse Coopers.

Following their appointment as joint administrators of the Conviviality Retail business on April 5th, Matthew Callaghan, Ian Green and David Baxendale of PwC have completed a sale of the business and assets of the retail business to Bestway Direct Limited. The deal comprises of Conviviality’s retail brands – Central Convenience, Bargain Booze, Wine Rack and Select Convenience and is understood to have been acquired by Bestway Direct Limited for £7.25m.

Matthew Callaghan, partner at PwC said: “The deal announced safeguards the jobs of more than 2,000 employees, ensures franchises have the ability to continue to trade and creates some much-needed stability for business customers and the sector in general.” There are 127 Central Convenience retail outlets in the South West of England which include 20 petrol forecourts, stores incorporating 47 post offices and 18 franchise operated stores.

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