Latest news from the administrators
I spoke briefly again this afternoon with Lee Manning, one of the Oddbins administrators. He explained that the number of interested parties had now been whittled down to three or four and they talking about 'various different configurations'. Things won't be resolved this week as they are not yet at the stage of contracts, although Manning said that things are moving forward. They would, however, hope to have a resolution before Easter. If, however, that wasn't possible "it wouldn't be the end of the world" added Manning.
As the process is now under wraps he wasn't able to give any details of the three or four suitors.
I have no idea whether Baile and Young are still in there. An article in yesterday's Metro on trying to resuscitate once proud car brands I thought neatly summed Simon Baile and Oddbins: 'the problem is often too much sentimental enthusiasm, not enough market research and the lack of a sound business plan'. In Simon's case the enthusiasm may well have been compounded by wanting to prove himself to his father. I suspect there are echoes of Hugh Ryman here.
See also figures from Oddbins' balance sheet – Plunging into the red.
As the process is now under wraps he wasn't able to give any details of the three or four suitors.
I have no idea whether Baile and Young are still in there. An article in yesterday's Metro on trying to resuscitate once proud car brands I thought neatly summed Simon Baile and Oddbins: 'the problem is often too much sentimental enthusiasm, not enough market research and the lack of a sound business plan'. In Simon's case the enthusiasm may well have been compounded by wanting to prove himself to his father. I suspect there are echoes of Hugh Ryman here.
See also figures from Oddbins' balance sheet – Plunging into the red.
