First Quench Retailing said thousands of jobs could be at risk, but added their administrators KPMG would be looking to 'save as many jobs as possible'.
The off-licences will be operating as normal, with the 6,500 staff members paid as normal next week, KPMG said.
The company's outlets have been hit hard by the recession, as well as the selling of cheap booze at supermarkets.
Richard Fleming, UK head of restructuring at KPMG, said: 'Trading in the off-licence sector has become increasingly competitive in recent years, with the recession proving too much of an additional burden in this case.
'The business has a comprehensive geographic footprint, however, and we believe this presents a compelling opportunity to other retailers who may wish to extend their reach. We will continue to trade the remaining business while we seek a buyer.'
On Wednesday, First Quench released a statement saying that 'it is no secret that the credit crunch has made a very competitive marketplace even more challenging'.
The off-licences will be operating as normal, with the 6,500 staff members paid as normal next week, KPMG said.
The company's outlets have been hit hard by the recession, as well as the selling of cheap booze at supermarkets.
Richard Fleming, UK head of restructuring at KPMG, said: 'Trading in the off-licence sector has become increasingly competitive in recent years, with the recession proving too much of an additional burden in this case.
'The business has a comprehensive geographic footprint, however, and we believe this presents a compelling opportunity to other retailers who may wish to extend their reach. We will continue to trade the remaining business while we seek a buyer.'
On Wednesday, First Quench released a statement saying that 'it is no secret that the credit crunch has made a very competitive marketplace even more challenging'.
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