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City snapshot: FeverTree boosted by rise of at home cocktail consumption

By Alec Mattinson2021-05-20T08:02:00+01:00
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Fever-Tree has continued to post “strong” off-trade sales in the early months of 2021 ahead of the re-opening of pubs, bars and restaurants and coronavirus restrictions eases around the world.
Ahead of its AGM this morning, FeverTree said its off-trade performance has remained strong in the first four months of the year and that “it is clear that at-home consumption of long mixed drinks is becoming increasingly established”.
In the UK its off-trade sales in the 13 weeks ending 18 April were up 10.1% year-on-year, despite lapping the effects of stockpiling seen at the beginning of the first lockdown in March 2020. ....

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Rivus Fleet Solutions owner Aurelius buys AutoRestore

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The owner of Rivus Fleet Solutions, Aurelius, has bought AutoRestore from Belron International for an undisclosed sum.
Aurelius says that the mobile body repair services company, which traded as Autoglass BodyRepair under Belron, will complement its existing portfolio of business.
Headquartered in Rushden, Northamptonshire, AutoRestore operates a fleet of more than 130 mobile repair vans, providing over 30,000 repairs a year to B2B customers, including insurance and fleet management companies, as well as a growing B2C offering.
Currently providing same-day mobile accident body repair services through a virtual garage network, Aurelius says that AutoRestore will benefit from operating alongside Rivus, which has 55 locations, supported by 800 employees and mobile technicians servicing commercial fleets with a focus on LCVs. ....

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Aurelius Equity Opportunities buys AutoRestore to enhance UK fleet management investments

Aurelius Equity Opportunities has agreed to buy mobile accident repair services business AutoRestore from Belron International. ....

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