Quiz Clothing, a high street giant founded in Glasgow, has collapsed into administration for the third time in six years, owing more than £40 million and facing potential store closures across the UK.
The company operates 40 stores nationwide, including 11 in Scotland, but now finds itself in dire straits. The board made the difficult decision to appoint administrators from Interpath Advisory in February 2026 amid ongoing financial struggles. CEO Sheraz Ramzan stated, “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.”
At the moment, Quiz’s situation is precarious. Reports indicate that 109 redundancies were made at its Glasgow head office and distribution centre immediately upon entering administration. The company has been trading for an impressive 33 years, yet it now faces a stark reality: no offers have been received for its business on a going concern basis.
Key financial details:
- Quiz Clothing owes £15.4 million to connected parties.
- The company also owes £6.1 million to trade creditors for Orion Retail Limited.
- Zesta Ventures Limited is owed approximately £6 million.
A stock clearance sale commenced immediately across all stores following the announcement of administration—a desperate attempt to recoup some losses before potential liquidation. Gift cards and credit notes cannot be honoured during this period, adding to customer frustration.
The administration trading period is expected to last until mid-May 2026; however, uncertainties loom large regarding the future of its stores. A decision regarding their fate is anticipated within days. As the high street continues to evolve amid changing consumer habits and economic pressures, Quiz Clothing’s collapse serves as a stark reminder of retail’s fragility.