Drinks firm in administration

DRINKS wholesaler WaverleyTBS has called in administrators, putting 831 jobs into doubt.

Waverley, which distributes alcoholic and soft drinks to customers including Merlin Entertainment and Cote Restaurants, has been hit by “tough trading conditions” in pubs and restaurants, according to its private-equity owner Manfield Partners.

Deloitte, which has been appointed joint administrator, said it was “in negotiations with a number of interested parties who are keen to acquire the company.”

Waverley was bought by Manfield in 2010 from drinks giant Heineken.