Stores for sale
Oddbins lines up administrator for 45 UK off licences
A new owner is being sought for Oddbins
Oddbins owner European Food Brokers is to appoint administrators as it becomes the latest casualty on the high street.
Duff & Phelps will be named as administrators to the off licence chain which employs 539 staff across the UK. EFB said it was continuing to trade and the administrators will be seeking a buyer.
West Midlands-based EFB has 45 stores and confirmed it had filed “a notice of intention” to appoint Duff & Phelps.
“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,” it said.
“We will endeavour to continue to operate all stores as a going concern while options are assessed for the business, including a possible sale,” it added.
The businesses affected include Wine Cellar Trading and Whittalls Wines Merchants.
Oddbins went into administration in 2011 after failing to gain support from HM Revenue & Customs for a deal with its creditors.