Threshers jobs at risk as owner goes into administration

The owner of off-licence firm Threshers has gone into administration, putting 6,500 jobs at risk.

First Quench Retailing, which also owns Wine Rack and The Local, called in administrators KPMG yesterday evening, and staff at the 1,300 shops will be told about the situation this morning,the Times reported.

Confirming the company had gone into administration, a First Quench Retailing spokesman said: “It is with great regret that the board was not able to brief our colleagues prior to it being made public.”

KPMG will now look to sell the company in a bid to “preserve as many jobs as possible”.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ

First Quench Retailing assured staff next week’s wages would be paid.

Earlier in the month Wine Cellar, which had 170 shops, went into administration.