Off-licences may merge

Thursday 08 April 1993 19:02 EDT

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There was renewed speculation yesterday that the 960-strong chain of Victoria Wine off-licences, owned by Allied-Lyons, will merge with the 583 Augustus Barnett outlets owned by Bass. Analysts say the merged off-licences would be worth pounds 115m.

Photograph: Peter MacDiarmid

(Photograph omitted)

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