Quiz Clothing is understood to be attempting to secure a rescue deal following “disappointing” Christmas sales.
The fashion retailer’s founders, the Ramzan family, are considering bringing in advisers to lay out a range of options, such as new financing and potential shop closures in a bid to avoid a total collapse, The Sun understands.
A source close to Quiz said that it had already been approached by various turnaround funds, seeking to provide new capital.
The news
comes after the brand shut 23 stores which were either unstable or loss making in February 2025, as it bought back remaining assets under a pre-pack deal.
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Quiz currently runs 40 stores and employs roughly 1,000 staff members across the UK.
Speaking to The Sun, a Quiz spokesperson said: “The shareholders are assessing options available to the business from both internal and external sources.
“Changing consumer habits, government budget disruption around peak Black Friday trade, cost pressures from business rates and increases in national minimum wage and national insurance have proved challenging as widely reported across the retail sector.”
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