Oddbins managing director Simon Baile has told Harpers Wine & Spirit the results of the strategic review will be revealed today, March 11.
He said: "We have had to get to the core of the business, and remove the legacy - it is sad, but that is what has happened with the 39 stores."
Baile told Harpers the company's core of the business would remain in London and Scotland.
He added that staff had been told of store closures and were being kept up to date.
Baile said suppliers were "full of support" and "recognise the place Oddbins has in the market". "We're very grateful for their support and ask them to bear with us."