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Quiz Clothing is reportedly seeking to secure a financing package following weaker than expected sales during the 2025 Christmas trading period, according to The Telegraph.
The Glasgow-based retailer, which operates more than 40 stores and employs approximately 1,000 people across the UK, is looking to stabilise the business in light of rising costs and competition from Shein and Temu.
It is understood that company founders, the Ramzan family, are considering appointing advisers to evaluate options, including new capital and potential store closures. Several turnaround funds have reportedly approached Quiz to provide fresh investment.
The Ramzan family had previously bought the business back in a pre-pack deal a year ago after closing 23 shops. Tark Ramzan established the company as a single store in 1993.
News of the potential rescue package comes as a series of high street brands face financial difficulties. Original Factory Store and Claire’s Accessories recently entered administration, while Russell and Bromley is expected to close 32 of its 35 shops.
Retailers are currently managing increases in national insurance and the minimum wage alongside rising energy costs. Quiz reported a 14% increase in store sales during July and August 2025 before trading slowed in December.
The company joined the London Stock Exchange in 2017 in a £200m listing but has since delisted following a series of profit warnings. Institutional investors including Schroders and BlackRock previously held shares in the business.
A Quiz spokesman told Retail Sector: “The business has experienced volatile trading in the last 12 months. Whilst sales were stronger than anticipated in the Summer they were disappointing during the critical Christmas period. Changing consumer habits, government budget disruption around peak Black Friday trade, cost pressures from business rates and increases in national minimum wage and NI have proved challenging as widely reported across the retail sector.
“The primary shareholders have provided considerable financial support to the business over the last year. The shareholders are assessing options available to the business from both internal and external sources.”
