December 23, 2005

Threshers Buys 200 Unwins Stores.

By Andrew Barrow In Articles
Luckily, for many ex-Unwins staff, Threshers (the UK’s largest national chain of off-licences) has just purchased 200 Unwins branches. They already operate 2,000 branches under the Wine Rack and Threshers brands. Meanwhile the Times reports that the previous owners the extended Wetz and Rotter families have lost at least £10 million under a complex deal that would have seen them receive 90 per cent of the group’s value. All 83 ex-share holders are still going to be sued due to accounting irregularities.

BBC.co.uk
“Administrators at Unwins said the deal was concluded overnight, and that it was Threshers’ intention to reopen the stores as soon as possible. Joint administrator Myles Halley from KPMG said Threshers hoped to make approximately 1,200 jobs available. ”

1 Comment
  1. Paul December 23, 2005

    Will the managers be taken on, then?

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