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Conviviality chief executive steps down

Bargain Booze owner Conviviality has announced that its chief executive, Diana Hunter, has stepped down.

FASHION

Conviviality chief executive steps down

Bargain Booze owner Conviviality has announced that its chief executive, Diana Hunter, has stepped down.

In a statement, the company said she will remain with the company for a period to provide some transitional support to non-executive chairman David Adams, who will take on the chief executive role “until further notice”.

Last week, Conviviality revealed that it had discovered an unexpected £30 million tax bill due for payment to HMRC by 29 March that was not accounted for in its short-term cash flow projections. This led the company to issue a second profit warning in the space of a week.

This week the company said it is continuing to engage with stakeholders regarding the situation and will provide a further update “in due course”.

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