12:11 ET<\/span><\/span><\/p>\nWhittall’s Wine Merchants has agreed to buy almost half of the remaining Oddbins stores open for business.<\/p>\n
Whittall’s, a subsidiary of multi-millionaire Raj Chatha’s EFB Group, will take on 37 of the 85 stores still open, with the rest staying in the hands of administrator Deloitte.<\/p>\n
The sale should help secure about 200 jobs.<\/p>\n
Oddbins fell into administration earlier this month after some creditors refused to accept lower payments.<\/p>\n
Principal among them was HM Revenue & Customs.<\/p>\n
“This represents a new dawn for these Oddbins stores, and with the well-reported financial shackles removed, it will allow for a consistent supply of stock and investment at store level for the benefit of all, most importantly its loyal staff and consumer base,” said Mr Chatha.<\/p>\n
“I am delighted with the number of jobs we have managed to save.”<\/p>\n
Deloitte said it hoped the remaining Oddbins would be sold soon.<\/p>\n
“We are currently engaged in a range of discussions regarding the sale of the remaining 48 open stores and are confident of an imminent deal,” said Lee Manning, joint administrator and partner at Deloitte.<\/p>\n
Oddbins was not the first specialist wine retailer to be squeezed out by supermarkets. Threshers-owner First Quench collapsed in 2009, while the Unwins chain folded in 2005.<\/p>\n<\/div>\n
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