Quiz on route to £200m IPO

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Quiz Plc, the women’s fashion brand, founded in Glasgow in 1993, is to undergo a £200m initial public offering (IPO).
The AIM listing will help the ambitious retailer, which was founded in Glasgow in 1993, to accelerate growth of the Quiz brand online, on the high street and internationally.
In recent years, online and international sales have been the group’s fastest growing offerings, with 42 per cent and 64 per cent CAGR between 2015 and 2017. The company announced revenues of £89.8m last year, with operating profit of £8.1m.
The RSM capital markets team, led by partner Diane Gwilliam with support from Ed Pipe, Tania Phillips and John More, acted for Quiz on today’s (20 July 2017) placing.
Ewan Grant, RSM’s head of corporate finance in Scotland, said: ‘Quiz has consistently demonstrated resilience and energy in a fast moving and highly competitive sector; and this has now been recognised by the investor community. We’re delighted to have supported another fantastic Scottish company raise funds and realise their potential through an IPO. The deal reinforces RSM’s position in the market – acting for ambitious middle market businesses at all stages of the business lifecycle.’
Alan Aitchison, audit partner and office managing partner in Glasgow, said: ‘Quiz is a real success story for Scotland. In a competitive and ever changing retail landscape, the Quiz brand has continued to grow. It has a clear, focused strategy that revolves around ‘fast fashion’ and today’s IPO will help to support the next stage of growth for a forward thinking UK and international retailer.’
Quiz employs over 1,350 across the UK and operates 73 standalone stores with 167 concessions in the UK and Ireland. In addition, it has 65 international franchise stores and concessions, predominately in the Middle East and Asia.
The retailer targets ‘fashion forward women’ between the ages of 16 and 35, specialising in both casual and evening wear.

Facebook
Twitter
LinkedIn

Related News

Our brands