Wickham Vineyard buys 14 First Quench stores
Hampshire-based Wickham Vineyard has saved nine Wine Rack stores and five Threshers stores from closure.
First Quench Administrator KPMG confirmed that the producer has bought eight Wine Rack stores and five Threshers stores in Hampshire, including branches in Southampton, Winchester and the New Forest, and one Wine Rack store in Dorset.
The deal will save 64 jobs, according to the Southern Daily Echo newspaper. It also trebles Wickham Vineyard’s workforce from 30 to 94.
The stores will sell the vineyard’s own wine for the first time.
Last week R&M Swaine, parent company of Rhythm & Booze, rescued 34 First Quench stores in a deal that will see 12 Wine Racks, 12 Threshers and 10 The Locals converted to the Rhythm & Booze fascia.
The Wine Rack brand name and a package of 13 of the best-performing stores based in London and south-east England were also bought by wholesaler Venus Wine & Spirit.