The Administrators of Threshers' owner First Quench announced another swath of store closures and more than 1,900 job losses yesterday. KPMG said 381 stores would close with the loss of 1,908 jobs, while a further 34 staff would go at the off-licence group's head office.
But the administrator said it was in advanced talks over the sale of the business, with buyers interested in about 500 stores. Another 373 store closures were announced earlier this month after First Quench called in administrators.
- More about: