ET 15:58

Quiz Files for Administration Amid Cost Pressures, 1,000 Jobs at Risk

UK fast-fashion retailer Quiz has filed a Notice of Intention to appoint administrators, putting approximately 1,000 jobs and 40 stores in jeopardy as it battles rising taxes, wage costs, and weak Christmas sales. The Glasgow-based chain, already in administration twice since 2020, is working with insolvency firm Interpath. A company spokesperson confirmed the filing grants time to explore financing options while stores remain open. The Ramzan family previously executed a pre-pack deal less than a year ago, shuttering 23 locations. Broader UK retail struggles persist: Russell & Bromley plans to close 32 of 35 stores via a Next deal, and LK Bennett will exit physical retail after acquisition by Gordon Brothers.

EditorWong Mei Ling