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. 




Bookmark this


Site Search

COMMENT

Richard Hemming MW asks: what’s the next step for indies?

In the not-too-distant future, when all humans are born with inbuilt VR headsets and Trump is Supreme Commander of the Known Universe, how will students of wine look back on the present era of retail in the UK? And, in such a dystopian world, why would anyone care?

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter