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		<title>Quiz clothing administration news</title>
		<link>https://newsuk.org.uk/quiz-clothing-administration-news/</link>
		
		<dc:creator><![CDATA[newsroom]]></dc:creator>
		<pubDate>Fri, 01 May 2026 12:21:56 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Glasgow]]></category>
		<category><![CDATA[insolvency]]></category>
		<category><![CDATA[quiz clothing administration news]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[store closures]]></category>
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					<description><![CDATA[<p>Quiz Clothing has entered administration again, burdened by significant debt and potential store closures. The future of its 40 UK stores hangs in the balance.</p>
<p>The post <a href="https://newsuk.org.uk/quiz-clothing-administration-news/">Quiz clothing administration news</a> appeared first on <a href="https://newsuk.org.uk">NewsUK</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Quiz Clothing, a high street giant, has collapsed into <strong>administration</strong> for the third time in six years, owing over £40 million and facing potential store closures. The company’s fate now hangs in the balance as it navigates through a challenging financial landscape.</p>
<p><strong>Key facts:</strong></p>
<ul>
<li>Quiz Clothing owes more than £40 million.</li>
<li>The company operates 40 stores in the UK, including 11 in Scotland.</li>
<li>109 redundancies were made at the Glasgow head office and distribution centre upon entering administration.</li>
<li>Interpath Advisory was appointed as the administrator in February 2026.</li>
<li>A stock clearance sale started immediately across all stores after the announcement.</li>
</ul>
<p>Sheraz Ramzan, CEO of Quiz, stated, &#8220;The board took the difficult decision to appoint administrators to Zandra Retail Limited in light of the continuing challenging trading conditions impacting the Group&#8217;s performance.&#8221; This decision reflects a severe financial strain that has plagued the brand recently.</p>
<p>Founded in Glasgow 33 years ago, Quiz Clothing has struggled to maintain its foothold amid rising debts. Currently, it owes £15.4 million to connected parties and £6.1 million to trade creditors for Orion Retail Limited. Additionally, Zesta Ventures Limited is owed approximately £6 million by the group.</p>
<p>No offers have been received for the company&#8217;s business on a going concern basis. Officials anticipate that the administration trading period could last until mid-May 2026. However, uncertainties remain regarding the exact timeline for potential store closures.</p>
<p>A decision regarding the fate of Quiz Clothing&#8217;s 40 stores is expected within days as stakeholders await clarity on the company&#8217;s future amidst this financial upheaval.</p>
<p>The post <a href="https://newsuk.org.uk/quiz-clothing-administration-news/">Quiz clothing administration news</a> appeared first on <a href="https://newsuk.org.uk">NewsUK</a>.</p>
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