381 First Quench stores close

Administrators at First Quench Retailing, owner of Threshers and Wine Rack, have announced the closure of another 381 stores and more than 1900 job losses, after failing to find buyers. This brings total job losses to around 3600 and store closures to 754.

The sale of about 500 shops as going concerns is still a possibility with KPMG in advanced talks with several interested parties.