Over 2,100 More Jobs Go at Threshers, Wine Rack

Another 2,140 workers at First Quench Retailing, the group behind British off-license chains Threshers and Wine Rack, are losing their jobs after the administrator said it would close 391 more stores by Dec. 20, Reuters reported. Administrator KPMG has already announced the closure of 754 stores with the loss of over 3,600 jobs. It said on Friday it had sold 13 stores and the Wine Rack brand to Venus Wine & Spirits Merchants, sold eight stores to SEP Properties and was still in talks regarding the sale of another 100 stores. First Quench, which also owns The Local, Haddows, Bottoms Up and Victoria Wine brands and was backed by private equity firm Vision Capital, went into administration, a form of protection from creditors, in October. The latest store closures come a day after bookseller Borders UK went into administration. Read more.