Deloitte adminstrators sell on northern off licences

Deloitte adminstrators sell on northern off licences

640 jobs saved at insolvent off licence business, but 320 jobs go in the process

Off licence and convenience stores business Wine Cellar has entered
administration.

Bill Dawson and Daniel Butters of Deloitte were appointed joint
administrators of the northern-based operators, which runs 170 stores under
brand names Booze Buster, Simply Drinks and Simply Food & Drinks.

The majority of the stores and stock have been sold to EFB Retail.

The sale saves 109 stores and protects 640 jobs, plus 60 staff from its head
office.

However 61 stores have been close and 320 staff made redundant.

“We will be working closely with the Redundancy Payments Office to provide
support for these staff,” said Dawson.

Further reading:

UK emerging as restructuring
capital of Europe

Blacks Leisure to close 89 stores
in bid to stave off creditors

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article