Oddbins affair all but wrapped up with 6p in the pound

According to administrators Deloitte, Oddbins’ creditors are likely to end up with just 6p in the pound after collapsing in April with debts of £25 million. While 400 staff were made redundant, owner Simon Baile managed to buy back five of the Oddbins shops and he plans to offer goods such as charcuterie and cheese in the new stores under the Ex Cellar name.