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Daily Star (Free subscription) | 6 hours ago
First Quench - which also trades as Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine - fell into administration in October after struggling amid the recession.KPMG said 391 stores would close with the loss of 2,140 jobs, although it remained hopeful that some of the outlets would be sold as going concerns before the closure process was completed. The stores are due to...
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icWales (Free subscription) | 6 hours ago
Its Threshers chain was founded 112 years ago by Samuel Thresher. It was bought by Flowers Breweries in the 1950s and became part of Whitbread - now owner of Premier Inn and Costa Coffee - in 1962. Whitbread merged the off-licence chain with Allied Domecq's Victoria Wine in 1998 to create First Quench, which was bought by private equity firm Principal Finance Group for £225 million in...
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Liverpool Echo.co.uk (Free subscription) | 6 hours ago
Its Threshers chain was founded 112 years ago by Samuel Thresher. It was bought by Flowers Breweries in the 1950s and became part of Whitbread - now owner of Premier Inn and Costa Coffee - in 1962. Whitbread merged the off-licence chain with Allied Domecq's Victoria Wine in 1998 to create First Quench, which was bought by private equity firm Principal Finance Group for £225 million in...
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The Independent (Free subscription) | 25/11/2009
... don't add up. There were too many problems."FQR – the 1,200 off-licence group that includes Wine Rack, Haddows, Victoria Wine and The Local – appointed KPMG as its administrator last month. It is understood that KPMG is now unlikely to find a buyer for the 500-store estate as a going concern. The likely scenario is that the six potential buyers remaining will purchase parcels...
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The Guardian (Free subscription) | 20/11/2009
Administrators running company behind Threshers, Victoria Wine and Haddows announce closure of another 381 stores and loss of nearly 2,000 jobs after failing to find buyer First Quench, the off-licence group behind Threshers and Wine Rack, is to close a further 381 stores with the loss of nearly 2,000 jobs. Administrators overseeing the failed company, which also runs the Haddows,...
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Metro.co.uk (Free subscription) | 20/11/2009
1,900 jobs go as off-licences closeFriday, November 20, 2009Administrators of Threshers owner First Quench announced more than 1,900 job losses Administrators of Threshers owner First Quench have announced another swathe of store closures and more than 1,900 job losses. First Quench - which also trades as Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine - fell into administration...
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Independent.ie - European RSS Feed (Free subscription) | 20/11/2009
Administrators of Threshers owner First Quench have announced another swathe of store closures and more than 1,900 job losses.First Quench - which also trades as Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine - fell into administration in October after struggling amid the recession. said 381 stores would close with the loss of 1,908 jobs with a further 34 staff to...