Sponsored by
Trade fears for First Quench
THE group behind the off-licence chain Threshers has warned they may not be able to continue as a going concern.
First Quench Group, which operates dozens of Threshers, Haddows, The Local and Wine Rack outlets in Edinburgh, has been hit by tough trading and the withdrawal of cover for some of its suppliers by credit insurers.
First Quench said: "The combination of these circumstances represent a material uncertainty that casts significant doubt upon the group's ability to continue as a going concern."
The group has posted a pre-tax loss of 30 million in the last year.
The group has already closed 162 loss making stores and is understood to want to ditch a further 400.
Email to a friend
Print this page- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Family mourn death of Glasgow ‘fight’ schoolboy
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 12 C to 22 C
Wind Speed: 10 mph
Wind direction: North east
