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Thursday, 31 March 2011

Oddbins to go into administration

Oddbins will enter administration next Monday after HMRC refused to back the CVA at the creditors meeting held today.

Administrators at Deloitte have said they have been talking to interested parties hoping to buy the chain.
A statement released by Oddbins said: “Unfortunately, despite ongoing discussions with HMRC over the last four weeks the decision was made late yesterday not to support the CVA. They went on to say "As HMRC is a significant creditor this means that the CVA cannot proceed."

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