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400 Threshers To Shut

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That word again Private Equity!!!

Last Modified: 01 Jun 2007

Source: ITN

Off-licence chain Threshers has reportedly been sold to a team of private equity investors for less than the £225 million it was bought for.

Entrepreneur Guy Hands' Terra Firma investment company has sold Thresher Group to a consortium led by Edmund Truell, the former head of private equity firm Duke Street Capital.

Mr Hands's group also owns Wine Rack and Haddows in Scotland.

Seven years ago, Thresher Group was acquired from Whitbread by Nomura, which later became part of Terra Firma.

The Welwyn Garden City-based company has around 2,000 shops and 12,000 staff. It boasts that more than half of the UK's population live within ten minutes' walk of one of its stores.

Mr Truell has more than 20 years experience in private equity, leading Duke Street until 2005 and growing its funds under management to around £1.5 billion.

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I guess First Quench just didn't have the bottle in the end.

At least the staff won't have to go too far to drown their sorrows.

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Does anyone recall Chancellor Lamont getting into trouble in the early 90's recession for buying a couple of bottles of Champagne and 20 Embassys from Threshers.

Christ what a fuss was made of that! Tory sleaze they cried.

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I'm quite sHocked. I thought off sales were Reisling? Then again, the Thresher here shut a while back, leaving us to Mosel on down to Wine Rack instead.

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I believe the MD is taking a leave of absinthe.

Looks like the company has passed beyond the pint of no return.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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