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Administration threat to Threshers

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Post by GD Wed 28 Oct 2009, 12:19 pm

The owner of the Thresher and Wine Rack off-licence chains could be on the verge of falling into administration.

Accountant KPMG is working with First Quench in a bid to save the business.

A number of options are believed to be under consideration, including pre-pack administration, a company voluntary agreement or a sale of the business.
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Post by Digger Wed 28 Oct 2009, 12:20 pm

Oh dear.
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Post by karma Wed 28 Oct 2009, 6:05 pm

I must say I have never heard of them - but looks like this 1 hour ago:

http://www.guardian.co.uk/business/2009/oct/28/threshers-first-quench-retailing-administration
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Post by Deebay Wed 28 Oct 2009, 7:31 pm

The only one I know of personally is not very strategically placed - right opposite a Morrison's! I'm surprised that one has lasted for so long, trying to compete with its neighbor's special offers.

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