One of Britain's largest off-licences is on the verge of being sold for the second time in a fortnight.
Truell is understood to be keeping hold of Threshers' 85m pension fund, which is in deficit.
Quadriga and the 1.2bn Thorn pension fund will remain in Truell's investment consortium.
Thresher employs 12,000 staff in its stores, which also include The Local, Wine Rack and Haddocks in Scotland.