Oddbins downgrades payout estimate

30 March, 2011

Accountancy firm Deloitte has revised downwards the projected dividend that would be received by Oddbins creditors if the company enters administration.

Accountancy firm Deloitte has revised downwards the projected dividend that would be received by Oddbins creditors if the company enters administration.
A payout of 13p in the pound had originally been estimated but has now been downgraded to 7.5p.
Oddbins will formally enter administration on Monday if creditors refuse to back a rescue package at a meeting in London tomorrow.
Under the terms of the rescue deal, creditors will receive 21p in the pound on money owed to them.




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Rosé tinted glasses

I was asked recently what I thought the biggest change had been in wine fashion in the past five years. My answer was unequivocal: sales of pink wines. From being a niche that expanded and contracted with the sunshine, rosé has subtly but steadily become a stalwart of many merchants’ ranges, with Provence firmly at the top and asked for by name.

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