First Quench Retailing, the UKs largest chain of independent off-licences, fell into Administration today.
The board confirmed that KPMG had been appointed, and that the business is current up for sale as a going concern.
First Quench Retailing was formed by the merger of Whitbread owned Threshers and Allied Domecq owned Victoria Wine in August 1998. This bought together Threshers Wine Shops, Drinks Cabin, Wine Rack and Huttons with Victoria Wine Cellard, Haddows, Martha’s Vineyard and The Firkin, most of which were rebranded to various “Thresher…” fascias.
It is thought that non-executive director John Cleland may lodge a bid for a scaled down version of the business.
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