Overview
- Founders are considering appointing external advisers to map potential rescue plans, including new funding and further store closures.
- Several turnaround funds have approached the company about injecting fresh capital, and talks are ongoing with no decision or timetable disclosed.
- Quiz continues to trade through more than 40 UK stores with roughly 1,000 employees while the review progresses.
- The business cites shifting shopper habits, fierce competition from Shein and Temu, rising labour and insurance costs, and Black Friday budget disruption as key headwinds.
- Last year the Ramzan family closed 23 shops before buying back the assets in a pre-pack; store sales rose 14% in July–August 2025 and new sites opened in Aberdeen and Telford in December.