Bargain Booze boss makes millions in share bonus

22 September, 2014

All smiles for Hunter

Conviviality Retail boss Diana Hunter was given 1.7 million shares in the business as a bonus after its float last year, the company’s annual report has revealed.  

The shares were worth 2.7p each and Hunter cashed in around half of them last week, netting her £1.3 million. She still has shares worth £1.4 million at today’s price, and also received pay and benefits of £560,000 during the company’s first year of trading.

This included a £130,000 cash bonus for overseeing the float.

Conviviality, which owns Bargain Booze, Wine Rack, Thorougoods and BB’s Warehouse fascias, raised £64 million in the float and has since performed well.

Group profits before tax and exceptional items stand at £9.3 million, a 31.5% increase on the previous year. Average store sales per week rose 3% and the business continues to open new stores.

“These are strong results achieved during a period of significant change for our business and we are making good progress to deliver our strategy,” said Hunter. 




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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