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	<title>quiz clothing Articles &amp; Updates - cottenhamnews</title>
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		<title>Quiz clothing administration news</title>
		<link>https://cottenhamnews.org.uk/quiz-clothing-administration-news/</link>
		
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		<pubDate>Sat, 02 May 2026 02:27:32 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Glasgow]]></category>
		<category><![CDATA[insolvency]]></category>
		<category><![CDATA[quiz clothing]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[store closures]]></category>
		<category><![CDATA[UK high street]]></category>
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					<description><![CDATA[<p>Quiz Clothing, a high street giant, has entered administration again, accumulating significant debt and leading to job losses.</p>
<p>The post <a href="https://cottenhamnews.org.uk/quiz-clothing-administration-news/">Quiz clothing administration news</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Quiz Clothing, a high street giant in the UK, has collapsed into <strong>administration</strong> for the third time in six years, owing over £40 million and facing significant challenges ahead. This situation has resulted in job losses and potential store closures across the country.</p>
<p><strong>Key facts:</strong></p>
<ul>
<li>Quiz Clothing was placed into administration owing more than £40 million.</li>
<li>The company has a total of 40 stores in the UK, including 11 located in Scotland.</li>
<li>At the point of administration, 109 redundancies were made at the Glasgow head office and distribution centre.</li>
</ul>
<p>The company has been trading for 33 years and was founded in Glasgow. Interpath Advisory was appointed as the administrator in February 2026. The board&#8217;s decision reflects ongoing struggles within the retail sector that have impacted Quiz&#8217;s performance significantly.</p>
<p>As part of the administration process, a stock clearance sale commenced immediately across all stores. However, no offers have been received for the company&#8217;s business on a going concern basis, which raises further uncertainties about its future.</p>
<p>The company&#8217;s debt structure includes £15.4 million owed to connected parties and £6.1 million to trade creditors for Orion Retail Limited. Additionally, Zesta Ventures Limited is owed approximately £6 million by Quiz Clothing.</p>
<p>Officials have not confirmed an exact timeline for potential store closures, but decisions regarding the fate of Quiz Clothing&#8217;s 40 stores are expected within days. Customers are also affected as gift cards and credit notes cannot be honored due to the ongoing administration process.</p>
<p>The post <a href="https://cottenhamnews.org.uk/quiz-clothing-administration-news/">Quiz clothing administration news</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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