Thursday, October 29, 2009
Another one bite’s the dust (see happymonday’s earlier post)
First Quench, the owner of Threshers, The Local, Wine Rack, and Haddows, has gone into administration. Administrators KPMG are working on the basis of keeping the company as a going concern and all stores will stay open. All of the company's 6,500 employees will be paid as usual this Friday, the BBC was told. "It is no secret that the credit crunch has made a very competitive marketplace even more challenging," the firm said in a statement on Wednesday.