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Last Updated: Monday, 19 December 2005, 22:23 GMT
Administrators come in at Unwins
Wine bottles
The Unwins off-licence chain dates back to 1843
UK off-licence chain Unwins has gone into administration, nine months after being bought by a private equity firm.

Accountants KPMG were called in as administrators at 1700 GMT on Monday by Unwins' main creditor, HBOS.

Administrator Myles Halley said that only 95 of the firm's 350 stores were trading, and that it was too early to talk about potential job losses.

In March, DM Private Equity bought the 168-year-old Kent-based firm, which employs around 2,500 staff.

In recent weeks Unwins has put more than 40 stores up for sale, while others have been temporarily closed.

It was already planning to make over 100 shop managers redundant.

Recently, off-licences have been hit by increased sales of wine, beer and spirits at major supermarkets.

Unwins off-licences near collapse
15 Dec 05 |  Business
Private equity firm buys Unwins
07 Mar 05 |  Business

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