Tag Archive | "first quench"

First Quench To Cut 2140 Jobs

First Quench To Cut 2140 Jobs

Drinks retailer First Quench, which owns several brands such as Threshers, Bottoms Up and Victoria Wine, will close a further 391 stores and axe another 2140 jobs, administrators announced on Friday in a statement. KPMG had already announced the closure of 373 shops earlier this month, and plans for another 381 closures were unveiled last week, after First Quench announced it was entering administration in October. First Quench has indeed been severely hit by the current downturn. "Unfortunately, despite the initial high level of interest, it remains difficult for buyers to complete deals in the current tough market," said Richard Fleming of KPMG and joint administrator of First Quench. [...more]

News Comments (0)

More Redundancies At First Quench

More Redundancies At First Quench

Richard Fleming, UK Head of Restructuring at KPMG, and joint administrator, said: "Unfortunately, we have made a further 35 redundancies at head office in Welwyn Garden City. This follows the initial 81 redundancies announced on appointment of administrators. The redundancies reflect the reduced need for head office staff, following the store closure programme announced last week. The redundancies were made across the head office teams." [...more]

News Comments (0)

First Quench to close Stores?

First Quench to close Stores?

Threshers and Wine Rack off-licence chains is in talks with its landlords that could lead to hundreds of store closures. [...more]

News Comments (0)

Saturday, December 16, 5:32 am

Search by Tag