Bankruptcy Law News
11/6/2009 10:28:40 AM EST
UK liquor store chain to close 373 stores
LONDON – (AP) Britain's First Quench liquor store operator will close nearly a third of its 1,300 sites and fire more than 1,700 employees, administrator KPMG said Thursday.
First Quench Retailing Ltd. filed for administration, a form of bankruptcy protection, last week amid sharpened competition and declining demand brought on by the global economic downturn. Full version (available to lexis.com subscribers) Create an account or login to post comments.