Oddbins
Oddbins
(Image credit: Oddbins)

Oddbins will close 39 stores as a result of a restructuring, the UK chain announced this afternoon.

The decision ‘is part of a complete strategic review to ensure the business can move forward on a solid footing,’ Oddbins said in a statement.

‘Due to the tough economic climate, the business is being restructured with the result that 39 branches across the United Kingdom will be closed over the coming weeks. The staff have been informed today,’ the statement said.

No other comment has been made. Oddbins, which has 132 stores across the UK, last week appointed Spectrum Corporate Finance to advise on its business strategy.

Written by Adam Lechmere

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Adam Lechmere
Adam Lechmere
Decanter Magazine, Wine Editor & Writer

Adam Lechmere is consultant editor of Club Oenologique among other things.

Formerly launch editor of Decanter.com, which he edited until 2011, he has been writing about wine for 20 years, contributing to Decanter, World of Fine Wine, Meininger’s, the Guardian and many others. Before joining the wine world he worked for the BBC, and as a music and film gossip journalist.