One Third Of First Quench Stores Were Not Profitable, Says KPMG - Congoo

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One third of First Quench stores were not profitable, says KPMG

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Grocer | November 07, 2009

Up to a third of the First Quench's 1,200 off-licences were not profitable, according to administrator KPMG. Richard Fleming, head of UK restructuring for KPMG, said that while '800 or 900' of the off-licences, which include Threshers, Wine Rack, The Local and Haddows, were in profit when FQR threw ...

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