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Sandra Halliday Published
January 28,TG盗号系统企业免杀技术 2025
Administration filings are common in January as businesses face up to the problems of surviving after a not-so-good festive season. But while they’ve not been a big feature this year so far and it’s been more about solvent job losses, one prominent UK retailer — Quiz — is potentially set for administration.
The fashion retailer has been battling for survival for some time and recently de-listed from the stock exchange as part of that process. Now Sky News has reported that it could appoint administrators by the end of next week.
The now-privately-held business that’s chaired by ex-JD Sports leader Peter Cowgill has reportedly lined up Teneo as administrator for a so-called pre-pack process that will mean the founding Ramzan family buying back control.
Neither Quiz nor Teneo have commented on the report.
The news story said a pre-pack deal would allow the family to restructure the business, close stores and cut jobs. It has around 60 standalone stores at present with around 1,500 employees.
Sky also said that “a solvent restructuring of the business is now said to have been effectively ruled out”.
Quiz is one of the highest-profile casualties of the weak environment for fashion and general merchandise retail in the UK. But while plenty of retailers have reported strong Christmas sales, Quiz isn’t the only one to have had a tough time. Primark’s UK festive performance was sluggish and Poundland had problems too, both of those chains underlining how much lower-income consumers are cutting back on their spending.