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Indie off-licences eye-up Threshers stores
Posted 25 January 2010
Up to half the 1,400 strong Threshers store estate could be snapped up by independent off-licences, it has been claimed.
Property agent Christie & Co has received "reasonable offers" on more than 650 stores mostly from bidders wanting to run them as off-licences. Offers have been passed on top KPMG, the administrator for First Quench.
Offers selected by Christie include over 50 former Threshers franchisees who have put in individual bids following the rejection by KPMG of a joint bid by the 88 franchised storeholders to buy the franchised arm of the Threshers business.
KPMG has already sold 98 of the leases to bulk bidders, including 34 to northern chain Rhythm and Booze, 13 to Venus Wine and Spirits and 14 to Wickham Vineyards.
Source: The Grocer, 23 Jan 2010
Property agent Christie & Co has received "reasonable offers" on more than 650 stores mostly from bidders wanting to run them as off-licences. Offers have been passed on top KPMG, the administrator for First Quench.
Offers selected by Christie include over 50 former Threshers franchisees who have put in individual bids following the rejection by KPMG of a joint bid by the 88 franchised storeholders to buy the franchised arm of the Threshers business.
KPMG has already sold 98 of the leases to bulk bidders, including 34 to northern chain Rhythm and Booze, 13 to Venus Wine and Spirits and 14 to Wickham Vineyards.
Source: The Grocer, 23 Jan 2010
