Home Business News Oddbins in ‘advanced talks’ to secure rescue deal

Oddbins in ‘advanced talks’ to secure rescue deal

by LLB Reporter
24th Jun 19 9:16 am

Oddbins former owner are in talks with administrators to save the wine retailer and hundreds of jobs.

It is understood that 13 outlets mainly in London have closed since the company went into administration in February.

According to the Press Association it is understood that talks are taking place between Raj Chatta and insolvency firm Duff & Phelps over a rescue deal.

Oddbins was a victim of tough times on the high street along with surging rates and rents, and a decline in consumer spending, Duff & Phelps said.

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