Thresher puts franchise scheme on hold

10 September, 2007

Thresher's franchise scheme for its stores is being suspended at the end of the year to allow the off-licence group the chance to assess new investment opportunities in the business.

Only those applications that are sufficiently well advanced to be completed by December 2007 will go forward.

Yvonne Rankin, who last week replaced Roger Whiteside as chief executive, said: “We currently have nearly 100 live franchisees, trading under both the Threshers and The Local brand, representing a significant part of our estate.

"By Christmas, we estimate that there will be around 150 franchised stores in our portfolio.

“These franchises are a vitally important part of our business and will continue to receive the full support from our dedicated team of franchise business advisors and senior franchise staff.”

Vision is considering new investment in both Wine Rack and the convenience arm of the business.

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