Quiz Clothing, a high street giant, has collapsed into administration for the third time in six years. The company owes over £40 million and faces potential store closures across the UK.
Key facts:
- Quiz Clothing was placed into administration owing more than £40 million.
- The company has 40 stores in the UK, including 11 in Scotland.
- 109 redundancies were made at the Glasgow head office and distribution centre at the point of administration.
- Interpath Advisory was appointed as the administrator for Quiz Clothing in February 2026.
- A stock clearance sale commenced immediately across all stores after the administration announcement.
As of early Tuesday, no offers have been received for the company’s business on a going concern basis. The administration trading period is anticipated to last until mid-May 2026. CEO Sheraz Ramzan stated that “the board took the difficult decision to appoint administrators to Zandra Retail Limited in light of the continuing challenging trading conditions impacting the Group’s performance.”
The company’s debt includes £15.4 million owed to connected parties and £6.1 million to trade creditors for Orion Retail Limited. Zesta Ventures Limited is owed approximately £6 million by the group. Gift cards and credit notes cannot be honored due to the administration.
Officials have not confirmed an exact timeline for potential store closures. However, a decision regarding the fate of Quiz Clothing’s 40 stores is expected within days. The situation remains fluid as employees and customers await further developments.