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cashinmattress

Struggling Oddbins To Shut 39 Stores

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Wine merchant Oddbins has announced it is to close 39 stores as it moves to secure the future of the loss-making business.

The off-licence, which will cut its stores from 128 to 89, made the decision following a review by a restructuring specialist brought in to help the company as it faced cashflow problems.

A statement from the company said: “Due to the tough economic climate, the business is being restructured, with the result that 39 branches across the United Kingdom will be closed over the coming weeks. The staff have been informed.”

The move reflects a tough period for the UK’s independent wine trade, which has seen Threshers owner First Quench Retailing collapse in 2009 and the Unwins chain fold in 2005.

No decision has yet been made on which stores will close. Oddbins is under pressure amid competition from the dominant supermarket chains and falling consumer confidence.

It is also involved in a long-running legal spat with the group’s previous owner, French drinks group Castel Freres.

Meh. Time to start brewing your own.

Edited by cashinmattress

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Meh. Time to start brewing your own.

It wasn't difficult to see their problems.

Seriously overpriced alcohol. I once bought 4 cans of guinness for £8 or so.

Also stores in totally the wrong place. They have one in central manchester away from any form of residential areas.

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Guest The Relaxation Suite

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Meh. Time to start brewing your own.

Supermarkets just destory them. One day, and I'm surprised Orwell never wrote about this, Tesco will own everything. Britain will be called Great Tesco, and people will buy all their food and drink from Tescoland stores. They will vote for who runs the Tescoment from booths at their local Tescoettes. People will greet each other in the street wearing Tesco coats and hats and say "Good Tesco!" to each other. They will buy their insurance from Tesco, and their healthcare from Tesco, and their cars and holidays from Tesco. They will live in houses bought from Tesco. They will date people they met in Tesco. They will buy their music and books at Tesco. At Tesconight, everyone will go to their Tescobeds after watching their TescoTVs, and have good Tescosleep in their Tescopads before going to work the next day.

At Tesco.

Edited by Tecumseh

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The off-licence, which will cut its stores from 128 to 89, made the decision following a review by a restructuring specialist brought in to help the company as it faced cashflow problems.

A statement from the company said: “Due to the tough economic climate, the business is being restructured, with the result that 39 branches across the United Kingdom will be closed over the coming weeks. The staff have been informed.

How much are the board/owners paid and they couldn't even work that out for themselves.

At any rate shouldn't they be moving the company somewhere overseas like lots of UK businesses seem to be doing - after all in the past it's been US owned and it was French owned until 2008.

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Supermarkets just destory them. One day, and I'm surprised Orwell never wrote about this, Tesco will own everything. Britain will be called Great Tesco, and people will buy all their food and drink from Tescoland stores. They will vote for who runs the Tescoment from booths at their local Tescoettes. People will greet each other in the street wearing Tesco coats and hats and say "Good Tesco!" to each other. They will buy their insurance from Tesco, and their healthcare from Tesco, and their cars and holidays from Tesco. They will live in houses bought from Tesco. They will date people they met in Tesco. They will buy their music and books at Tesco. At Tesconight, everyone will go to their Tescobeds after watching their TescoTVs, and have good Tescosleep in their Tescopads before going to work the next day.

At Tesco.

Vote for change, vote Asda.

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Supermarkets just destory them. One day, and I'm surprised Orwell never wrote about this, Tesco will own everything. Britain will be called Great Tesco, and people will buy all their food and drink from Tescoland stores. They will vote for who runs the Tescoment from booths at their local Tescoettes. People will greet each other in the street wearing Tesco coats and hats and say "Good Tesco!" to each other. They will buy their insurance from Tesco, and their healthcare from Tesco, and their cars and holidays from Tesco. They will live in houses bought from Tesco. They will date people they met in Tesco. They will buy their music and books at Tesco. At Tesconight, everyone will go to their Tescobeds after watching their TescoTVs, and have good Tescosleep in their Tescopads before going to work the next day.

At Tesco.

No such luxury, they will live in Tesco communes, 50 bunkbeds to a hall.

All hail great Tesco! Hail!

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I'm sorry to hear this. IMO they usually had great staff who knew their stuff.

+1

Oddbins always seem to have incredibly friendly, approachable, and well trained staff.

IMHO they are the best on the high street by a margin.

Will be shame if they go under :(

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+1

Oddbins always seem to have incredibly friendly, approachable, and well trained staff.

IMHO they are the best on the high street by a margin.

Will be shame if they go under :(

Sadly there's no requirement by people who drink wine to give a toss about the wine other than cost.

Wine is now an acceptable drink for the masses and as such the masses don't need help picking up cheap plonk.

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Supermarkets just destory them. One day, and I'm surprised Orwell never wrote about this, Tesco will own everything. Britain will be called Great Tesco, and people will buy all their food and drink from Tescoland stores. They will vote for who runs the Tescoment from booths at their local Tescoettes. People will greet each other in the street wearing Tesco coats and hats and say "Good Tesco!" to each other. They will buy their insurance from Tesco, and their healthcare from Tesco, and their cars and holidays from Tesco. They will live in houses bought from Tesco. They will date people they met in Tesco. They will buy their music and books at Tesco. At Tesconight, everyone will go to their Tescobeds after watching their TescoTVs, and have good Tescosleep in their Tescopads before going to work the next day.

At Tesco.

You should watch Wall-E sometime. It might be a cute cartoon for kids, but for the adult viewer it's a scary vision of our Tesco future.

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  • 276 Brexit, House prices and Summer 2020

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