💨 Abstract

Quiz Clothing, a high-street fashion retailer known for affordable partywear, has entered insolvency and plans to close over a third of its stores, affecting around 200 employees. The remaining stores will be acquired by a subsidiary company run by the Quiz family, saving around 531 jobs. The closure is attributed to a shift towards more casual clothing post-pandemic and wider challenges to the high street.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖