Lee Manning, joint administrator and partner at Deloitte, said: “We’re delighted to be able to announce this sale and confirm the securing of 200 jobs. We’re currently engaged in a range of discussions regarding the sale of the remaining 48 open stores and are confident of an imminent deal.”
Oddbins was placed into administration on 4 April 2011. The wine retailer, with 89 stores across the UK and Ireland, employed around 400 people. It had planned to restructure its debts through a company voluntary agreement (CVA). However, the company didn’t receive the full support of all its creditors and as a result the business was left with no other option but to enter into administration earlier this month.
Source: Deloitte
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