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

Bad day on the beer? This'll help

If you work for a brewer and are having a rough week, take a minute to regain some perspective with this, from the good people at US craft beer producer Sierra Nevada Brewing Co....

BLOG

Brewers Association "bid" to buy Anheuser-Busch InBev strikes a chord

Is this a case of if you can't beat them, buy them?...

BLOG

Non-alcoholic beer fails the Bernstein challenge

Crazy days in the Bernstein offices. Taking time out from being one of the world’s top beverage analysts, the Bernstein team, lead by its London-based veteran Trevor Stirling, held its very own taste ...

BLOG

AG Barr launches Funkin innovation search

AG Barr has lined up a Funkin campaign in the UK to find an 'innovation champion'. ...

just-drinks homepage



Forgot your password?