Quiz news and archive

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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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...

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Fashion retailer Quiz posts full year loss

Driven by the impact of cost-of-living pressures on consumer demand, Scottish fashion brand Quiz said revenue for the full year decreased 11 percent year on year to 82 million pounds. Higher levels of full price sales resulted in gross margin increasing to 62.2 percent, EBITDA for the year decreased to 0.9 million pounds, while loss before tax...

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Quiz secures renewal for bank facility as revenue takes hit

Fast fashion retailer Quiz has announced the renewal of a four million pound banking facility, which has now been extended for a further 12 months to June 30, 2025. The news came as the company also reported its trading for the period spanning April 1 to May 31, 2024, during which time it continued to see impact from the ongoing cost-of-living...

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Quiz CEO and founder resigns as sales continue to drop amid strategic review

The chief executive officer of fast fashion retailer Quiz has resigned from the helm position following a yearly drop in sales amid an ongoing strategic review. While stepping down from the leadership role, Tarak Ramzan, who also founded the British company and is its largest shareholder, will instead be resuming a non-executive director role,...

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Quiz reports 11 percent drop in Christmas sales

Omni-channel fashion brand Quiz said, sales in the period from December 1 to 31, 2023 decreased 11 percent or 1.1 million pounds to 8.7 million pounds. This reduction, the company added, reflects the negative impact of inflationary pressures on consumer demand which resulted in declines in traffic both in-store and online offsetting consistent...