Threshers on the rack as 2000 jobs go.
Almost 2000 jobs will be lost at chains such as Threshers and Wine Rack, it emerged today, as the administrators to their collapsed owner First Quench said it would close hundreds of stores as part of the adminstration.
First Quench, which also owns Bottoms Up, Haddows, a Scottish chain, and The Local, went into administration on October 29, after being hit by cut-price supermarket competition.
KPMG, the adminstrators to First Quench, said today that 381 stores will close across the brands, which will result in 1908 redundancies in those stores that are closing and 34 at the head office in Welwyn Garden City.
The latest store closures are in addition to the 373 shops KPMG said earlier this month would be closing, with the loss of 1738 jobs. The administrators had previously announced 81 job cuts at the firm’s head office.
Source: Times Online
Total losses = 1908
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