Under-pressure fashion retailer Quiz Clothing mixed good news with bad on Wednesday and said that it has “made progress with renegotiating the lease arrangements with its landlords for its standalone Quiz stores”.
Quiz Clothing may have faced major challenges this year due to the pandemic, but the company is continuing to launch attention-grabbing collab collections and the latest is with Love Island’s Joanna Chimonides.
Quiz is the latest fast fashion name to be swept up in the Leicester garment factory scandal. It responded to a newspaper exposé on Monday and said it's "extremely concerned" by the information revealed in the report.
Fat Face is on the verge of being taken over by its lenders, that include banks and debt funds, in a debt-for-equity swap designed to drastically reduce the firm’s borrowings and help it weather the coronavirus storm.
Quiz has appointed administrators for its standalone store ops, but will buy back the business and renegotiate rents. It means exiting some stores and its Spanish shops will no longer be under its control.