All Off-licences and wine articles – Page 10
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News
Wesfarmers sells shops and supermarkets
Wesfarmers has sold 45 of its Coles supermarkets and eight Liquorland shops to independent grocer FoodWorks.The deal will reduce Wesfarmers’ costs and allow it to invest in other Coles stores. FoodWorks, which now has 750 Australian stores, paid around Aus$35m (£17m).The shops sold generated a combined annual turnover of around ...
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NewsCredit insurance woe hits stock at Threshers
Threshers owner First Quench Retailing is understood to be sourcing stock from the grey market after its supply chain was interrupted by the reduction of credit insurance to some of its suppliers.
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GalleryRecession hangover hits booze cruise retailers
Calais is the home of the booze cruiser, but a falling pound, shrinking shopper budgets and fewer day trippers have made it challenging for UK retailers and others. John Ryan reports.
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NewsEx-Somerfield boss Paul Mason eyes punch-drunk Threshers
Former Somerfield chief executive Paul Mason has cast his slide rule over troubled off-licence chain Threshers, it is understood.
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NewsMajestic Wine to stay expansion course despite profits plunge
Majestic Wine chief executive Steve Lewis will press ahead with expanding to 250 branches from 150 over the next five to 10 years, despite a profits plunge.
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NewsProfits collapse at Majestic Wine
The tougher economic climate has hit home at Majestic Wine, which saw sales for the year to March 30 rise 2.4 per cent to £201.8m, but pre-tax profits fall 55.8 per cent to £7.4m.
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NewsCOO parachuted in to steady struggling Threshers owner
A new chief operating officer has been parachuted in to troubled Threshers owner First Quench Retailing, replacing its IT and central operations directors, who have both left the business.
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News
Threshers owner reviews head office positions
Off-licence chain First Quench Retailing has begun a consultation process with head office staff that could lead to up to 80 positions being made redundant.
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News
Majestic Wine to enhance its fine wine offer with acquisition
Majestic Wine is to ramp up its fine wine offer after buying specialist Lay & Wheeler.
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News
Majestic Wine acquires Lay & Wheeler
Majestic Wine has acquired fine wine specialist Lay & Wheeler for 4.75m in cash plus 1m in net debt.
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News
Oddbins suffers after collapse of wine supplier
High street off-licence Oddbins is suffering from a shortage of wine after French customs officials impounded stock following the collapse of its shipping company.
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News
Credit insurer withdraws cover to Threshers suppliers
Credit insurer Coface has withdrawn cover for suppliers to First Quench, the parent of wine retailer Threshers.
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OpinionIrish price gulf needs to close
The weakness of the pound against the euro is causing an unhealthy disparity in prices in Ireland
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News
Threshers confirms store sell-offs
First Quench Retailing – owner of Threshers, Wine Rack and The Local – has confirmed it is in negotiations with landlords to sell off unprofitable stores.
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News
Threshers considers 'hundreds' of store closures
The owner of Threshers is locked in talks with landlords about closing unprofitable stores.
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News
Thresher revives 40% discount offer
Off-licence operator Thresher Group is reviving its 40 per cent discount campaign again, making it the third consecutive year the retailer has run the offer.
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News
Majestic Wine profits tumble
Pre-tax profits at Majestic Wine have plummeted more than 25 per cent to 5.6 million for the 26 weeks to September 29.
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News
Thresher to expand in time for Christmas
Drinks retailer Thresher Group is to open 15 stores before December to ramp up its portfolio for the key Christmas trading period.
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AnalysisFace facts: using data to maximise sales
A lot of retailers already have the data they need to help maximise sales, but they don’t necessarily know how to use it. Joanna Perry reports.
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News
Oddbins bought by ex-MD's son
Wine retailer Oddbins has been sold to a consortium of investors led by the son of a former managing director of the company.