Administrators at off-license group First Quench have announced they're closing 381 of the company's stores and cutting 2,000 jobs after negotiations to find a new buyer collapsed. First Quench owns a number of well-known high street chains, including Threshers, Wine Rack, Haddows, Victoria Wine and Bottoms Up.
However, Richard Fleming,of administrators KPMG, is still hopeful First Quench can shift "a significant number" of its remaining stores as "going concerns." The Guardian reports EFB Retail may be one of the interested parties. Supermarket chains may also be interested in cherry-picking sites.
"Unfortunately there was not sufficient interest in the 381 stores as part of the going concern sale, so we have no option but to close them," Fleming said.
Redundancy rights
If you've been made redundant recently, or you're worried about being made redundant, you should know you have a number of legal rights, including:

