Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

An oddbins store in London. Ewan Munro via Flickr
oddbins

Oddbins not closing Irish stores

Alcohol and wine retailer to close one third of its UK stores, it was announced today.

ODDBINS IRELAND HAS confirmed to TheJournal.ie that it is not closing any of its Irish stores.

The UK-based chain of off-licences announced today that it is closing 39 of its stores in the United Kingdom, a third of the company’s stores in the country.

A spokesperson for the Irish stores said that it was business as usual here and only UK stores are being closed.

Last week the Guardian reported that the company had appointed corporate financiers Spectrum Corporate Finance and Deloitte to help find a new investor.

A statement from the company said staff were informed on Monday about the decision.

Oddbins turned over £67m in 2009, with pre-tax losses of £4.5m.