BusinessBusiness RecoveryDeloitte 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

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