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Look incredible when you work the hottest new season trends including frills, prints, lace, bardot, and much more. Look no further for SS19’s hottest trends. If you continue, well assume that you are happy to receive all cookies. The group said 822 of the 915 staff affected by the decision will remain with the group but that 93 jobs are at riskSign up to the GrimsbyLive newsletter for daily updates and breaking newsFashion chain Quiz Clothing has placed its 82 standalone stores into administration.It has put 93 jobs at risk – and has raised concerns over the future of The move is part of a restructure to offload loss-making outlets and slash its rent bill.The group said 822 of the 915 staff affected by the decision will remain with the group but that 93 jobs are at risk.A small number of job losses are expected across its head office in Glasgow and distribution centre in Bellshill near Glasgow, with others at risk depending on negotiations with landlords.Tarak Ramzan, chief executive of Quiz, said: “It is with deep sadness and regret for some of our colleagues and partners that we had to take this decision to restructure the group’s operations.”Quiz will look to buy back the stock and some of the assets from the Kast division placed in administration for £1.3 million so it can try to renegotiate better rents with landlords on some of the stores with a view to keeping them open.But it did not disclose how many stores it would be looking to retain as part of the deal.Quiz said its concessions and international operations are unaffected by the move.He added: “Whilst we have taken pro-active actions over the past 18 months to drive footfall to our stores and renegotiate leases to improve performance, the significant economic uncertainty we now face as consumers and businesses emerge from the Covid-19 pandemic has meant that, in order to ensure a sustainable future for the group, we have taken this decision to place the subsidiary which operates our stores into administration.“We continue to believe that stores, with appropriate property costs and flexible lease terms, can continue to be a relevant pillar in our omni-channel model and we will be seeking to re-open Quiz stores where we believe it is prudent and economic to do so.”Quiz, which will appoint administrators KPMG to the division on Wednesday, said while the shop chain had been loss-making, it continues to see a future for an “economically viable store portfolio” alongside its online business, concessions and international arm.It said woes at the stores business have been compounded by the lockdown, which forced the closure of all non-essential shops in the UK since late March.The announcement comes after a tough period for Quiz, which has suffered sliding high street sales and losses due to tough retail conditions.Retail experts have been questioning its future in recent months as the chain battled against sliding sales and dwindling numbers of shoppers on the high street.Fashion chain Quiz Clothing has placed its 82 standalone stores into administrationWhen you subscribe we will use the information you provide to send you these newsletters.
Ourexplains more about how we use your data, and your rights. Search, watch, and cook every single Tasty recipe and video ever - all in one place! Get all the updates and news about Quiz clothing with all the important changes and upcoming new things and events at Fibre2Fashion New In Look incredible when you work the hottest new season trends including frills, prints, lace, bardot, and much more. If You Get 8/10 On This Quiz About Fashion Brands, You Know More Than 99% Of The Population This quiz has only the hautiest of coutures. Sometimes they’ll include recommendations for other related newsletters or services we offer. It has to be new! QUIZ, the omni-channel fast-fashion brand, has opened a new store at The Liberty Shopping Centre, Romford, the 110-unit pre-eminent shopping and lifestyle centre located in the[…] The latest news on Fashion quiz is on POPSUGAR Fashion. Fashion chain Quiz Clothing has placed its 82 standalone stores into administration. Browse the archive of more than 55,000 articles, access bespoke in-depth research, read the daily and weekly newsletters in full, receive the print magazine (optional), and gain priority access to … We're always strides ahead when it comes to fashion at QUIZ - just what you need for your wardrobe.We use cookies to ensure that we give you the best experience.
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