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