Blog: Oddbins' plight bad news for wine in the UK
Chris Mercer | 4 March 2011
We've added some meat to the metaphorical bones of our Oddbins coverage today, with what we consider to be solid sources saying that the retailer is facing possible administration.
The gist of it is that Oddbins is running out of cash, owes suppliers money and is locked in a potentially-costly court battle with its previous owner, Castel Freres. The outcome of the court battle, in particular, could be key to the retailer's future, as we understand it.
Of course, we're not at the endgame just yet and Oddbins' management has maintained that several options are open to it, including, again as we understand it, restructuring and outside investment.
The retailer's plight, however, is another sad chapter for the UK's independent wine trade. Three quarters of wine is sold by the country's big four supermarkets.
Added to that, huge increases in duty tax on wine, rent rises and a tough economy have played havoc with wine sales over the last couple of years. The forecast for the sector is not much better.
Yet, Oddbins claims to have the highest average spend on wine - around GBP8 per bottle - among the UK's major wine retailers. The UK-wide average spend per bottle is around GBP4.50.
The industry is forever talking about wanting consumers to "trade up". In that context, Oddbins' struggle is a bitter blow.
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....
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....
- Heineken goes from strength to strength - Analysis
- Treasury Wine Estates CEO - Interview Pt II
- Key trends for the alcohol category in 2017
- Heineken 2012-2016 - results data
- Heineken FY 2016 by region - results data
- Non-alcoholic Heineken set to hit Europe - CEO
- Rum braced for falling volumes in years ahead
- Beam Suntory revamps Bowmore whisky packaging
- Europe's drinks companies start engines on CETA
- No impact from Trump, Brexit - PepsiCo
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends