UK: Sainsbury's and Oddbins unveil new direct-to-consumer wine venture

By Company Press Release | 23 October 2000

Sainsbury's and Oddbins Ltd today unveil plans to drive the direct-to-consumer wine market with a powerful new 50:50 joint business venture, intended to launch early next year. A Memorandum of Understanding has been signed to create this joint venture, which will run alongside both retailers' existing businesses and operate under both the Sainsbury's and Oddbins brands.

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Sainsbury's and Oddbins Ltd today unveil plans to drive the direct-to-consumer wine market with a powerful new 50:50 joint business venture, intended to launch early next year. A Memorandum of Understanding has been signed to create this joint venture, which will run alongside both retailers' existing businesses and operate under both the Sainsbury's and Oddbins brands.

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