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Thresher to sell 200 leases.
(From Off Licence News)
Byline: Graham Holter
Thresher is offloading some 200 branches as part of a review of its business. The group has no freehold interests left and is hoping to find buyers prepared to take on the leases of underperforming stores.
The shops are being sold through Christie & Co, though sales details have been circulating within the trade for several weeks and private deals may be imminent for a few dozen sites. The property agent said there had been strong interest, particularly from independent traders who either wanted to increase the convenience aspect of the shops or introduce more wine specialism and delicatessen products.
The values of the leases var y from AGBP5,000 to AGBP100,000 and shops available are situated in a wide variety of shopping locations and under a range of Thresher Group fascias.
Vision Capital has attempted to churn around 10 per cent of the estate since taking control of the business in July and some of the 200 stores ...
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