Oddbins Sold?

I've heard a rumour today that Oddbins has been sold to a private consortium, lead by a former Oddbins employee. Castel, who bought the widely loved wine in 2001, has never had an easy time since their £55million purchase. Rebranding some of the more successful stores as their own retail chain, Nicolas and closures of other stores attracted scorn, as did a range of new 'Oddbins own label' products that didn't really cut the mustard.

It would not be surprising if Castel made a large loss on the sale, and as an ex employee I hope that the new team has success and can do what has been impossible before - recapture the old Oddbins spirit but actually make some money.