Quiz on brink of third administration in six years

(Sharecast News) - Womenswear retailer Quiz has warned that roughly 1,000 jobs were now at risk after it filed a notice of intention to appoint administrators, according to The Telegraph. The move comes just days after Quiz said it was reviewing options to secure its future following a disappointing Christmas trading period, including new financing and potential store closures.

Quiz, which operates approximately 40 stores across the UK, said the filing would give it time to assess funding alternatives, adding that trading continued as normal.

A Quiz spokesperson told The Telegraph: "We have taken the decision to file a Notice of Intention to provide us the time we need to explore all financing options. In the meantime, [it's] business as usual."

If the process proceeds, it will mark the third time in six years that Quiz has gone into administration.







Reporting by Iain Gilbert at Sharecast.com