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

just-drinks technical issues - 24 August

We had some technical problems with the just-drinks site yesterday....

BLOG

P Diddy vs 50 Cent in vodka wars

No self-respecting rapper is without some affiliation to a booze brand. Vodka is de rigueur, thanks to P Diddy and his tie-up with Diageo and Ciroc. ...

BLOG

Beer and breakfast DO go together

Is this the true breakfast of champions?...

BLOG

Is this the worst drinks ad of all time?

We are well served in the drinks industry by quality advertising campaigns....

just-drinks homepage



Forgot your password?