January 7, 2006

Oddbins to Buy Some Unwins Stores.

By Andrew Barrow In Articles
I didn’t realise that the chairman of DM Private Equity, owners of Unwins, buggered off to Dubai just a couple of days after announcing the groups collapse. At least Threshers is sorting out 200 stores, while the Independent is reporting that Oddbins is in talks for 100 of the remaining 150.

Independent.co.uk
“A deal with Oddbins – which is owned by the French group, Castel – for the bulk of the remaining stores could provide hope for many of the remaining 600 staff. Unwins’ administrators, KPMG, are keen to sell off as many of the remaining stores as possible in one deal. However, it is believed they are still considering offers from a number of bidders who want to buy smaller packages of stores.”

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