Jobs saved as ‘substantial’ part of Oddbins bought out of administration

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More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.

The sale was announced by administrators Philip Duffy and Matthew Ingram of firm Duff & Phelps, who claimed a “substantial part of the business and assets” of Oddbins had been snapped up by an unnamed buyer.

Duff & Phelps said “the sale was achieved despite the current financial situation and secured the jobs people employed in 28 stores” across the UK.

No other details about the buyer or how many jobs had been saved was given in the announcement.

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