Threshing out a deal!

Thresher Group went in to administration in October 2009. KPMG were appointed as the appointed administrators and initially were optimistic about the ability to sell the business as a going concern. Inital interest in the group was high but failed to manifest when the deadlines approached for bids.

KPMG have only sold 90 stores out of a total of 1202 stores nationwide. The main problem affecting sales is the lack of finance available from financial institutions.

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