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Unwins - news update  Add/Read Comments



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It has been awhile since anything was heard of the Unwins debacle - the collapse of the 400 store, 150 year old, wine chain was a major story back in 2006 and covered here as things developed.

It has now been reported that an un-named former director of Unwins has received a court order to answer questions regarding the 'alleged transfer of takings to Devereux Montague'. This was the private equity firm that brought Unwins nine months before it collapsed. KPMG, the companies administrator, is considering legal action against Devereux Montague director Philip Cook and will allow creditors to decide on the situation.

Creditors include HM Revenue & Customs (owed £16.1 million in unpaid taxes), Diageo (owed £2 million), and Inbev (owed £2.6 million) with the unsecured creditors (owed £16 million) unlikely to see any money at all.

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Posted on July 30, 2008 4:25 PM •

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