Sydney Mitchell has been appointed by the administrators of First Quench Retailing Limited to deal with the disposal of properties nationwide.
First Quench, which operated a number of well-known off-licence brands, including Threshers and Wine Rack, went into administration in October 2009. Richard Fleming, Mick McLoughlin and Ian Corfield of KPMG, the appointed administrators, subsequently instructed Sydney Mitchell as one of only two firms to deal with the sale of the First Quench portfolio.
Acting for the administrators, Sydney Mitchell is the only English firm outside London to be involved in the realisation of assets. The team is lead by Kamal Majevadia, Insolvency specialist.
Sydney Mitchell anticipate that they will deal with up to 150 stores nationwide, subject to receipt of offers
Commenting on the instruction, Kamal said, "it is a major coup for the firm to be acting on this matter. We are often seen as a more regional firm, but this instruction is a real opportunity for us to prove our ability to facilitate high profile work on a national level."
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