Costcutter to bid for Threshers’ estate

Author: By James Thompson

The four parties are set to inform the administrator KPMG that they are interested in acquiring chunks of FQR’s 1,200 stores, which include Threshers, Wine Rack, Haddows, The Local, Victoria Wine and Bottoms Up.

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Greggs looks at Threshers’ stores to drive expansion

Author: By James Thompson

Ken McMeikan, the chief executive of Greggs, said: “Our property team is looking at the Thresher [and FQR] estate. We look at every chain that goes into administration. It would probably be in the region of less than 10 per cent of the estate.” He added that the figure was a “starting point” for the property team and that a number of shops may not be suitable due to unfavourable leases, overlap with existing Greggs’ shops and refit costs.

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1,700 jobs go as Threshers stores close

Author: By Kelly Macnamara, Press Association

First Quench – which also trades as Wine Rack, The Local, Haddows, Bottoms Up
and Victoria Wine – fell into administration last month after struggling
amid the recession.

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‘Store closures likely’ at failed Threshers owner

Author: By James Thompson

His comments came after KPMG made 81 of First Quench’s head office staff
redundant yesterday. While no stores have yet closed, KPMG said: “Unfortunately,
it is likely that some store closures and further redundancies will be made.”
The group, which is owned by the private equity firm Vision Capital, has
6,283 staff, although many work part time. Mr Fleming said First Quench,
which operates 1,202 Threshers, Wine Rack, The Local, Bottoms Up, Victoria
Wine, and Haddows fascias, was forecast to lose “at least” £20m in
the financial year to June 2010.

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Jobs to be axed as Threshers collapes

Author: By Holly Williams, Press Association

KPMG has already made 81 redundancies at the firm’s head office in Welwyn
Garden City and said it was likely further jobs would face the axe among the
remaining 6,283-strong workforce.

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