Blog: Chris MercerOddbins facing uncertain future

Chris Mercer | 2 March 2011

We've had an interesting week chasing down speculation in the financial world on the future of Oddbins, the UK wine retailer.

Today, just-drinks broke the news that Oddbins has brought in consultants to examine "strategic options" for the group going forward. Our sources have told us that the retailer had a pretty torrid Christmas, while a court dispute with its previous owner, Castel Freres, is also putting financial pressure on the company.

Although Oddbins has done well to reduce losses since Simon Baile bought the firm from Castel in 2008, its financial situation has recently deteriorated, just-drinks has been told.

The next week should provide greater clarity on the group's position, so stay tuned.


BLOG

The (temporary) return of Paul Walsh to the drinks debate

Paul Walsh just can't stay away from the drinks industry....

BLOG

Budweiser races to stock Mars bars

For those people looking to the Red Planet as shining utopia away from all things earth, look away now....

BLOG

When life gives you lemons, make soap

Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....

BLOG

Small measures required as Philadelphia soda tax adds up

Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....

just-drinks homepage



Forgot your password?