It's feared that Scots fashion chain Quiz will likely close all of its UK shops.The party-dress retailer looks set to call in administrators, which has raised fears over the fate of its 1,500 employees and 60 stores, as well as dozens more concessions and franchises.
Fans have taken to social media to express their sadness at the news, with some labelling the move "heartbreaking". As reported by the Mirror, the High Street is under threat as it faces a barrage of cost rises.
The announcement from Quiz, which has headquarters in Glasgow, follows news that WH Smith revealed plans to sell its High Street business, which employs some 5,000 people.
A further 3,000 people are for the chop at Sainsbury’s too as the supermarket giant makes cuts across various departments. Quiz has been a familiar name in the UK fashion industry for more than 30 years since its first branch in Glasgow.It grew quickly in Scotland and now has large shops in major cities, including Cardiff, Liverpool and Manchester, in addition to concessions in New Look and branches in Saudi Arabia, Pakistan and Kuwait.
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