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Quiz pre-pack leaves landlords asking questions

Suppliers and landlords have been left £6.1m out of pocket after the pre-pack administration of Quiz.

The Aim-listed retailer launched a restructuring this month that involved putting Kast Retail, the entity that owns its UK stores, into administration, before a quick sale to another Quiz owned entity, Zandra Retail.

None of the shop leases have been transferred to the new company as negotiations with landlords continue.

The Times (£)

 

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