Fashion chain seeks lifeline as gloom grips high street
The fast fashion chain Quiz is seeking rescue financing after disappointing Christmas sales, facing challenges from rising costs and competition from Chinese e-commerce giants. The company, which has over 40 stores and around 1,000 employees, is exploring options including new financing and potential store closures. This comes after a tumultuous year, including previous store closures and a return to private ownership. Retailers are struggling with increased costs and changing consumer habits, leading to a wave of difficulties in the sector.
The telegraph·
