Unwins collapsed on December 19, with the loss of approximately 1,400 jobs and the closure of 350 stores.
The purchased stores will reopen soon after Christmas and trade under the Thresher name. Some of the staff at Unwins who were made redundant will be taken on by Thresher.
KPMG joint administrator Myles Halley said: 'This is a good outcome for all concerned. We appreciate it has been a very difficult and uncertain time for staff, particularly in the run up to Christmas. It is too early to say how many people could be offered new contracts to work for Thresher, but it is hoped that approximately 1,200 jobs will be available.
Thresher Group chief executive Roger Whiteside said: 'This is a great opportunity for Thresher Group to reinforce its market position in the Southeast. We will be working very hard to staff and stock the 200 stores and begin trading as soon as is practical.'
The stores deal does not include the freehold of the Unwins head office at Dartford in Kent.
Administrators are actively seeking buyers for the remaining 150 properties.
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