DTI has seven months to decide on possible Unwins case

04 May, 2007

Unwins creditors are "in dialogue" with the Department of Trade & Industry over a potential criminal investigation into the activity of chairman Phillip Cook.

The creditors' committee - including Diageo, InBev and Revenue & Customs - has used what little cash it was able to salvage from the collapsed off-licence chain to fund its own report into the activities of Unwins directors prior to its closure at the end of 2005.

A DTI investigator is examining the report and must make a decision about possible action within seven months. Should the department decide against a criminal investigation, it will effectively be the final chapter in the Unwins saga.

Danny Matthews, operations manager at administrator KPMG, said: "We've sold most of the shops, we've only got two to sell and we're coming to the end of our asset realisation phase. The bank has been paid off but there won't be any money for unsecured creditors."

Bookmark this

Site Search


Hofmeister may need more than the bear essentials to succeed

So, George The Bear is back. Itís hard for some of us oldies to fathom, but there are those under, say, 40 who canít actually remember Hofmeister and feel the cultural jolt supplied by the return of both the bear and the beer whose marketing campaigns it used to front.

Click for more »
Upcoming events


Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know