200 jobs are at risk after the retailer struggled with poor sales and rising costs 💔

Quiz has entered administration and closed 23 stores, putting 200 jobs at risk
The retailer's brand and 42 stores were acquired by Orion, a subsidiary of the Ramzan family
The closures are due to “loss-making or unsustainable” locations not included in the sale
Poor sales during the Christmas period and inflationary pressures contributed to the company’s financial struggles
The deal will preserve most jobs, but 200 employees are affected by the closures

A troubled fashion retailer has closed 23 stores following its entry into administration, putting approximately 200 jobs in jeopardy.

The closures of Quiz stores come despite the brand being acquired in a pre-pack administration deal by a subsidiary of the founding Ramzan family.

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Last month, the company revealed it was seeking urgent funding, warning that it could run out of cash by March.

Quiz has announced it appointed insolvency firm Teneo as the administrator for Zandra, its subsidiary managing stores in the UK and Ireland.

The administrators brokered a deal with Orion, a company owned by the Ramzan family, to acquire key assets, including the Quiz brand and 42 of its stores.

(Photo: David Potter/Construction Photography/Avalon/Getty Images) | Getty Images

The retailer said that the deal would preserve the majority of jobs within the business. But 23 "loss-making or unsustainable" stores, which employed around 200 people, were not included in the sale.

The following Quiz clothing stores are expected to close:

Athlone, Athlone Town Centre shopping centre
Brighton, Churchill Square
Bristol, Cribbs Causeway
Derry, Richmond shopping centre
Doncaster, Frenchgate centre
Dundee, Overgate
Enniskillen, Erneside shopping centre
Exeter, Princeshay shopping centre
Falkirk, Howgate centre
Fareham, Whitley shopping centre
Glasgow, Forge shopping centre
Grimsby, Freshney Place
Liverpool, South John Street
Maidstone, Fremlin Walk
Milton Keynes, Silbury Arcade
Motherwell, Brandon Parade South
Newbridge, Whitewater shopping centre,
Peterborough, Queensgate shopping centre
Preston, Friargate Walk
Southampton, Westquay Shopping Parade
Swansea, Queens Arcade
Tallaght, The Square
Telford, Telford shopping centre

Quiz has previously described its sales during the Christmas trading period as "disappointing", and said that its cash reserves were “less than previously anticipated”.

The company attributed the weak performance in part to the “impact of inflationary pressures on consumer confidence and spending”.

What do you think about Quiz's recent closures and the impact on its workforce? Do you believe the retailer can recover, or is this the end of the road for the brand? Share your thoughts in the comments section.

Quiz Clothing: full list of fashion store closures after administration, which locations are closing - news

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