UK: Oddbins sale finalised bar regulatory approval
By Andy Knott | 24 October 2001
The future of UK high street off licence chain Oddbins has been determined subject to the long-winded regulatory approval process following the sale of the drinks arm of the Seagram business. Richard Macadam, Oddbins managing director, informed staff that the proposed management buyout scheme had failed as three separate bids had exceeded theirs, and the fate of the company had been sealed.
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The future of UK high street off licence chain Oddbins has been determined subject to the long-winded regulatory approval process following the sale of the drinks arm of the Seagram business. Richard Macadam, Oddbins managing director, informed staff that the proposed management buyout scheme had failed as three separate bids had exceeded theirs, and the fate of the company had been sealed.
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