News In Brief: Odd Bins Go Into Administration

Posted by GregB on March 31, 2011 · Leave a Comment 

Wine retailer Oddbins is set to go into administration after failing to reach a deal with its creditors.

Oddbins had tried to avoid administration by getting creditors to accept lower repayments, but one of the biggest, HM Revenue and Customs, refused to support the move.

It is now expected to formally enter administration early next week.

 

Related Articles

• Oddbins to go into administration (mirror.co.uk)
• Oddbins to go into administration (independent.co.uk)
• Oddbins creditors to get 21p in £1 (telegraph.co.uk)
• Oddbins to cut a quarter of its head office staff (telegraph.co.uk)
• Oddbins: Raise a glass to its fortunes (telegraph.co.uk)

Filed under humour · Tagged with Creditor, HM Revenue and Customs, Oddbins, Retail, Wine