No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Womenswear retailer Quiz has warned that roughly 1,000 jobs were now at risk after it filed a notice of intention to appoint administrators, according to The Telegraph.
The move comes just days after Quiz said it was reviewing options to secure its future following a disappointing Christmas trading period, including new financing and potential store closures.
Quiz, which operates approximately 40 stores across the UK, said the filing would give it time to assess funding alternatives, adding that trading continued as normal.
A Quiz spokesperson told The Telegraph: "We have taken the decision to file a Notice of Intention to provide us the time we need to explore all financing options. In the meantime, [it's] business as usual."
If the process proceeds, it will mark the third time in six years that Quiz has gone into administration.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.