Threshers future in doubt

The future of UK off-licence chain Threshers is in doubt after it was revealed that 100 stores have been closed by the owner First Quench in the last six months. Its reported that further unprofitable shops could close unless First Quench can negotiate a reduction in rents and terms with the landlords.

According to one landlord First Quench are offering to buy their way out of leases and many landlords are accepting the offer, meaning that more stores will close.

First Quench has around 1,500 stores across the UK and also operates as Wine Rack, The Local and Haddows in Scotland.