Update on high street fashion chain with 109 branches that could close a third of shops
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A STRUGGLING fashion chain has been forced to exit the stock market following reports it could close stores. The company de-listed from London’s junior AIM stock market on Thursday morning. Quiz currently has 62 stores and 47 concessions in the UK but may be forced to shut shops to secure its future.
![[Person carrying shopping bags on a city street.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/crop-32646625_7f4901.jpg?strip=all&w=960)
The firm announced plans to de-list from the stock market shortly before Christmas as it attempts to cut costs. Earlier this month shareholders voted in favour of de-listing the company. The fashion chain earlier this year warned that it would run out of cash unless it manages to quickly secure more funding.
The news will come as a blow to the chain’s 1,500 employees, some of whom now face being made redundant. The company said its sales had been “disappointing” in the Christmas trading period and its cash reserves are “less than previously anticipated”.
It warned that the poor trading was partially down to the “impact of inflationary pressures on consumer confidence and spending”. The company has called in advisors to look at ways it could free up cash or secure more funding to help guarantee its future.
Chairman Peter Cowgill said the company must “substantially reduce” costs, which has increased speculation it may need to shutter shops. It has previously been reported that Quiz is preparing to close up to a third of its stores to help slash costs.
