Vagabond Wines Limited - Administration

Vagabond Wines Limited, a wine bar chain which operated from twelve sites across London, the Southeast and Birmingham, entered administration on 15 March.

The unexpected closure of one of Vagabond's key expansion sites resulted in the business absorbing notable costs and directly impacted trading levels resulting in a deterioration of its cash flow position.

Brian Burke and Andrew Andronikou of Quantuma were appointed as joint administrators and traded the business for approximately three weeks whilst they negotiated a sale.

On 5 April, the joint administrators completed a sale to Majestic Wines, securing the future of nine Vagabond wine bars and saving 171 jobs.