Deathwatch: Oddbins on the brink of administration
The move comes only a few weeks after the company announced the closure of 39 stores, but a search for a buyer is ongoing and someone from Oddbins said they were ‘optimistic’. They’re more optimistic than we are, but then we’re done in through years of abuse of the very booze that they sell.
HMRC rejected an offer from Oddbins for them to pay 21% of their debts under a Company Voluntary Agreement and now it looks as though the beleaguered off licence chain are headed the same way as First Quench (owners of Threshers), who collapsed in 2009.
With deep discounting in supermarkets big business, perhaps the specialist off licence will soon disappear from the retail map, like the candlestick-maker. Please let us know if you live near to an active candlestick-maker and we’ll amend our records accordingly.
TOPICS: High Street News