Healy: aWe'tll return aFirst Quench to growth't.

(From Off Licence News)

In just under two months, First Quench Retailing has gone from a position of relative strength, buoyed up by a set of new Wine Rack stores and supplier support for closing underperformers, to an operator considered in trouble. Last month it filed accounts for the period to the end of June 2008, which showed the business made a AGBP30 million loss on a turnover of AGBP652 million. The figures led auditors Ernst & Young to express "material uncertainty" about the retailer's future.aAt the time, FQR conceded that some of the figures were "pretty sensational". Some of the mainstream media coverage which followed was pretty sensational, too - and often …