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Administrators at off-licence group First Quench cut 1,700 jobs
Thursday 5 November 2009 17.24 GMT
KPMG announce 373 shops from chains including Threshers, Wine Rack and
Off-licence stores to be closed will hold sales to get rid of unwanted stock
More than 1,700 staff at off-licence group First Quench are to lose their jobs within a month after administrators appointed last week to run the business announced they are to close 373 shops by 2 December.
First Quench operates several off-licence chains, including Threshers, Wine Rack, The Local, Bottoms Up and Victoria Wine. It also controls Haddows in Scotland.
The chain, which can trace its roots back 112 years, collapsed into administration last week. It has 1,200 outlets and employs some 6,300 staff, half of which are full-time. Its demise followed the collapse in September of rival Wine Cellar, which operated 170 stores, although 109 shops were swiftly bought by a new owner.
Thursday 5 November 2009 17.24 GMT
KPMG announce 373 shops from chains including Threshers, Wine Rack and
Off-licence stores to be closed will hold sales to get rid of unwanted stock
More than 1,700 staff at off-licence group First Quench are to lose their jobs within a month after administrators appointed last week to run the business announced they are to close 373 shops by 2 December.
First Quench operates several off-licence chains, including Threshers, Wine Rack, The Local, Bottoms Up and Victoria Wine. It also controls Haddows in Scotland.
The chain, which can trace its roots back 112 years, collapsed into administration last week. It has 1,200 outlets and employs some 6,300 staff, half of which are full-time. Its demise followed the collapse in September of rival Wine Cellar, which operated 170 stores, although 109 shops were swiftly bought by a new owner.
