Thresher franchisees win legal battle
Former Thresher franchisees have won the legal battle to be allowed to trade as independents.
The administrators of First Quench Retail Ltd, KPMG, have offered to surrender leases to the majority of franchisees' stores, leaving it open for owners to now negotiate directly with their landlords.
Geoffrey Sturgess, of acting solicitors Blake Lapthorn, said: "We view KPMG's decision to surrender the headleases as being a sensible method of 'rescuing' stores. Landlords should be delighted at the opportunity of having a solvent tenant again. Their staff and customers should be relieved that their stores are now most likely to survive."
Very few of the un-franchised stores have been sold as going concerns and the brands Thresher, The Wine Rack, Bottoms Up and The Local have been sold separately.
Franchisees taking their stores independent will need to re-brand.
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