Oddbins could be taken out administration
European Food Brokers is reportedly seeking to take Oddbins back from the hands of the administrators it appointed four months ago.
In February, EFB brought in insolvency firm Duff & Phelps to handle administration proceedings for its retail division following poor Christmas trading, a drop in sterling’s value and a rise in rent costs.
Its retail division included Oddbins, Wine Cellar Trading and Whittalls Wines Merchants, accounting for around 100 shops and an estimated 539 jobs.
There were 45 Oddbins stores at the time and 13 have closed their doors since then, leaving 32 in the estate, which has continued to trade as a going concern.
EFB and its drinks distribution business did not enter administration, and it is now in talks to bring the remaining Oddbins stores back from the wilderness and into the company once more, according to the Press Association.
Oddbins once had almost 300 stores across the country, but it collapsed in 2011, when EFB rescued the brand name and a much smaller estate from the ashes.