The London-based group, which is backed by Imbiba, cited legacy Covid debts combined with other cost pressures and the forced closure of its Heathrow venue as being behind the decision.
Vagabonds estate currently comprises of 10 sites across the capital alongside an outpost within Gatwick Airports South Terminal, all of which continue to trade.
In its most recent accounts filed to Companies House for the year ended 27 March 2022, Vagabond reported revenue of 7.4m, which equated to a gross profit of 5.2m.
The loss for the period, after taxation, however, amounted to 859,625.
According to City A.M., Vagabond Wines applied a notice of intention to appoint an administrator to the High Court on Monday (4 March).
The London office of US law fi…
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