FASHION
Quiz to put store subsidiary into administration
Date Posted: Thursday 11th June 2020
It has been reported that British fashion retailer Quiz has placed its stores unit into administration as it seeks to secure better rental terms. The group's 82 standalone stores in the UK and Ireland, which have been closed since the Coronavirus lockdown began in March, are operated through its subsidiary, Kast Retail Limited.
Quiz has appointed administrators Kast with the intention to acquire the business and certain assets for £1.3m.