Quiz's shares plummet over 40% as sales drop and the company faces funding shortages.
Fashion retailer Quiz's shares dropped over 40% after the company warned it may need additional funding due to a 5.7% sales decline to £24.9m in the four months to November. With only £1.2m in cash reserves and a £4m lending facility expiring in June, Quiz expects to fully utilize the facility by next year's first quarter. Additional National Insurance costs of £1.7m will also impact next year's budget.
4 months ago
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