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FQRi boss: aWe'tre stable't.

Europe Intelligence Wire

| July 31, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Off Licence News)

Byline: Rosie Davenport

First Quench Retailing's acting chief executive has moved to reassure suppliers the business is secure amid a second wave of high profile personnel changes.aIn his first interview, Martin Healy told OLN: "FQR has no debt and cash on the balance sheet. The business is financially stable, we are not about to fold. We have the support of our shareholders and suppliers."aHe refused to confirm when the business would return to growth and whether the team would accelerate its turnaround strategy to speed up the recovery process.aHealy reaffirmed the company's commitment to its current retail offer, adding: "We continue to …

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