Jobs saved as wine retailer sold out of administration

02/06/2020
Oddbins store

JOBS have been safeguarded after a “substantial part” of the business and assets of high street wine retailer Oddbins was sold out of administration.

Philip Duffy and Matthew Ingram, both of Duff & Phelps, were first appointed to Walsall-headquartered Wine Cellar Trading Ltd, Whittalls Wines Merchants 1 Ltd, Whittalls Wines Merchants 2 Ltd and EFB Retail Ltd in February 2019.

The companies trade under various brands including Oddbins, Oddies, Simply Drinks, Simply Food & Drinks, Shop2Go and Booze Buster.

The name of the buyer and the exact number of jobs which have been saved have not been revealed.

A spokesperson for Duff & Phelps said: “The sale was achieved despite the current financial situation and secured the jobs of people employed in 28 stores.”

The latest stories

Edinburgh payment provider announces PayPal collaboration
Hospitality firm hits new heights as it celebrates 20 years
Edinburgh Hotel relaunches after £10M refurbishment
Glasgow HR business appoints high profile business leaders to new advisory board