Oddbins goes into administration

Oddbins has appointed partners at Deloitte as joint-administrators. The wine retailer was unable to persuade creditors to accept lower repayments as part of a rescue deal.
HM Revenue and Customs – one of Oddbins’ biggest creditors – refused to back the Company Voluntary Agreement.
The administrators said they were keeping the retailer’s shops open and had been contacted by “a number of parties interested in buying the business”.

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