Off-licence chain on the brink of collapse
30 Jan 2019
Oddbins appears to be the next victim in what one publication is calling a "high street bloodbath".
The off-licence chain, operating approximately 45 stores across the UK and with over 500 employees, has announced that it is preparing to enter into administration, blaming tough trading conditions on the high street and economic instability for its troubles.
The chain will continue to trade whilst a buyer is sought for the business.
European Food Brokers, which own some of the Oddbins stores, says: “The deterioration of the high street, combined with the continuing economic uncertainty surrounding the withdrawal of the UK from the EU, has resulted in an unsustainable, tough physical retail market.
“We will endeavour to continue to operate all stores as a going concern while options are assessed for the business, including a possible sale".
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