Huge fashion chain ‘could close a THIRD of its stores’ across UK triggering 100s of job losses in blow to high street
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A POPULAR fast fashion chain could see as many as a third of its stores shutter across the country. Retailer Quiz plans to make moves as part of a survival operation to stay afloat. Quiz, led by the founding Ramzan family, has around 60 stores across the UK and employs about 1,500 people.
![[Quiz clothing store interior.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/a06rx7-quiz-shop-store-trafford-920682430.jpg?strip=all&w=960)
Restructuring experts have been brought in by chair of the company Peter Cowgill in an attempt to save the brand. Chief executive Sheraz Ramzan is understood to be eyeing up the worst-performing stores to cut. As reported by the Tele, a pre-pack administration and a company voluntary arrangement have both been in talks.
A source added: “Nothing is being ruled out.". The retailer, best known for it women's party fashion ranges, warned at the start of December that a “significant reduction in revenues” could lead it to running out of cash in the new year. Quiz has already called in advisers as it said it expects additional funding will be needed in the first quarter of 2025 and warned it might not be able to continue as a “going concern”.
The business has already gone through one restructuring in 2020 and renegotiated its rents as lockdowns damaged retailers. The company halved in value since the start of December shortly before delisting from the stock market to save costs its value had shrank to just £3.6 million.
