Hundreds of employees at a major high street chain may be at risk of losing their jobs after administrators were called in.

Quiz Clothing made the move just days after its shares were removed from the London Stock Exchange. The fashion chain, chaired by former JD Sports chief Peter Cowgill, has brought insolvency practitioner Teneo on board as administrator to Zandra Retail, which operates Quiz’s standalone stores in the UK and Ireland.

Sheraz Ramzan, CEO of Quiz, told Sky News that the board took “the difficult decision” to appoint administrators to Zandra Retail Limited “in light of the continuing challenging trading conditions impacting the Group’s performance.” He added: “We are deeply sorry to those affected by the store closures, including our retail colleagues.

“However, this decision will put the business in a more sustainable footing for the future and protect several hundred jobs as a result.”

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