Quiz news and archive

UK high street administration wave: The 5 retailers facing early 2026 setback

The UK high street has faced an early setback in the new year, with five major retailers already entering administration. Each company cited their respective collapses to rising business costs and cautious consumer spending. It comes despite more positive projections for the year ahead by industry analysts. According to a report by Knight Frank,...

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Quiz collapses into administration, over 100 jobs lost

British retail chain Quiz has officially entered administration. After a prolonged challenging period, and despite stronger than expected sales at times, the company has succumbed to several headwinds that made for testing trade conditions. Interpath’s Alistair McAlinden and Geoff Jacobs have been appointed joint administrators to Orion Retail...

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Quiz reportedly seeking new funding following disappointing Christmas results

British fashion chain Quiz is believed to be seeking a "rescue financing package” after Christmas sales proved to be “disappointing”. According to the Telegraph, the financing would contribute to “radical plans” to stabilise the business amid higher costs and heightened competition from online retail giants. The company, which operates over 40...

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From New Look to Select Fashion: Inside the retail collapse threatening the UK high street

The UK retail landscape continues to face mounting challenges. Amid rising operational costs, the long-tail impact of the pandemic and ongoing supply chain disruptions, many businesses are navigating an increasingly volatile environment. An uncertain outlook remains for a significant portion of the sector – and the country is on track to see a...

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Quiz UK and Ireland retail subsidiary falls into administration, 23 stores to close

Quiz has confirmed that consultancy firm Teneo has been appointed as the administrator to Zandra Retail Limited, the company’s wholly owned subsidiary which operates its standalone UK and Ireland retail stores. Orion Retail Limited, another subsidiary to Quiz, has now agreed to acquire certain assets of Zandra, including the right to occupy and...

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Quiz officially delists, what now?

British fashion retailer Quiz has officially delisted from the London Stock Exchange’s AIM sub-market, leaving it open to move forward with its next step: re-registering as a private company. A total of 98.6 percent of shareholders voted in favour of the proposals during a general meeting held earlier this month, allowing for Quiz to request the...

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Quiz reportedly mulling widespread store closures

Fast fashion retailer Quiz is believed to be considering closing up to a third of its store estate as it continues to seek ways to cut costs. This is according to The Telegraph, which reported that Quiz had enlisted advisory firm Teneo to explore its options, with a pre-pack administration or company voluntary arrangement (CVA) said to be among...

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Quiz shareholders vote for AIM delisting

Shareholders of British fast fashion retailer Quiz have voted in favour of its proposed delisting on AIM. During the company’s latest general meeting, 98.6 percent of shareholders voted in favour of the cancellation resolution, with the same amount also voting for Quiz’s proposal to re-register as a private company. Following the approval, the...

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Struggling fashion retailer Quiz seeks funding as revenues drop and losses widen

During the important trading month of November, Glasgow-based fashion brand Quiz experienced a marked decline in traffic both online and in-store compared to previous months and the comparable period in the prior year. Given the disappointing level of revenues in the important Christmas trading period, Quiz said that the cash headroom available...

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Quiz proposes AIM delisting amid ‘challenging market conditions’

Fast fashion retailer Quiz has proposed voluntary cancellation of its shares on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange, amid a "challenging financial market” and specified burdens associated with trading. It is now pursuing a re-registration as a private limited company. The company said it had...

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Business

Quiz calls in advisors as sales continue to drop

British retailer Quiz has announced that it has engaged advisors to “consider appropriate options” after revenues during its key trading month of November took a sharp decline. For the four month period from 1 August to November 30, 2024, total sales at Quiz dropped 5.7 percent year-on-year to 24.9 million pounds. Declines were seen both in...

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Quiz CFO Gerard Sweeney steps down

Omni-channel fashion brand Quiz has announced the departure of its chief financial officer and company secretary Gerard (Gerry) Sweeney, after more than eight years with the group. The company said that Sweeney will remain with the group until March 31, 2025. Commenting on Sweeney’s resignation, Sheraz Ramzan, the company’s chief executive...