Sheraz Ramzan, chief executive of Quiz, said: “The board took the difficult decision to appoint administrators to Zandra Retail Limited in light of the continuing challenging trading conditions impacting the group’s performance.
Athlone - Athlone Town Centre Shopping Centre.
Administrators struck a deal for Orion, a subsidiary company run by the Ramzan family, to buy a raft of assets, including the Quiz brand and 42 of its shops.
The fashion chain had fallen into administration and will still close the stores, despite the chain being bought in a pre-pack administration deal by a subsidiary of the founding Ramzan family.
Quiz reported having a “difficult” Christmas period and the latest raft of shops is set to join the 13,000 that closed in the UK last year.
