Oddbins could survive

Picture: Malcolm Wells

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THE administrators of wine retailer Oddbins has said it hopes to sell the business as a going concern after holding discussions with several interested parties.

The firm’s 89 stores will continue to trade while administrators from Deloitte seek to sell the business, which employs 400 staff.

They have already held talks with parties interested in providing the funding necessary to keep the business alive, they said.

Oddbins had hoped to push through a rescue deal last week that would have seen its creditors receive only some of the money they were owed.

However HMRC, which is owed £8m by the chain, refused to vote for the scheme.

Oddbins is the latest victim of a suffering independent wine trade in the UK, which has seen Threshers owner First Quench Retailing collapse in 2009 and Unwins in 2005.