Unwins, the UK off licence group, has finally been sold, to DM Private Equity Ltd through its special purpose vehicle UW Acquisitions Ltd, for an undisclosed price.

Phillip Cook, chairman of both UW Acquisitions and DM Private Equity, said: "We are delighted to have completed the purchase of Unwins and we very much look forward to strengthening what is a nationally-known brand, founded in 1843.

"We would like to thank Unwins' suppliers for supporting the business over the past few months of corporate negotiations and we look forward to invigorating those relationships. We would also like to thank Unwins' staff for their continuing loyalty during this uncertain period and, of course, Unwins' shareholders for their unswerving support.

"We look forward to building on the hard work of the Unwins' staff, to strengthening the brand name and to growing what is already an extremely successful retailing operation."

Michael Lunn, former chairman of Unwins, said: "This agreement secures the future of Unwins and its employees. Unwins will continue to be a familiar presence in the High Street, offering a competitive range of wines and other products. I would like as well to thank all those, especially Unwins staff, who have shown their commitment to the business over the last nine months or so."