Quiz Clothing: Pre-IPO Diagnostic, June 2017

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Quiz Clothing (Glasgow) has announced its intention to do a partial float with a valuation circulating at around £200m.

COULD QUIZ CLOTHING BE ANOTHER BOOHOO?

We have looked a bit closer at the companies involved, the shareholders and the history of the businesses. And perhaps more importantly, give our view on the growth potential of the business and some hints on a possible valuation.

Quiz is not a single company, but there are six active companies with connections to the Quiz tradename and trade mark. Three of these combined add up to what is Quiz divided by channel: Wholesale & store retail, concessions, and online.

The wholesale business is also the key supplier of the concessions and online companies.

Quiz has been around for a long time, early 2000's, but ran into trouble in 2007-2008 and went into voluntary liquidation in 2009. Tarak Clothing Company Ltd was wound up in 2009 with unsecured debts of £2.3m. The pre-pack was acquired by the same owners for a consideration of about £0.3m with an additional £0.5m to secure access (deposits) to selected stores.

What emerged after the pre-pack has been a profitable company which has managed to grow consistently.

However, our view is that the company could have grown much faster with a stronger strategic view. Competitors such as Boohoo and Missguided have stolen the march on the company. However, when compared to conventional high-street retailers the company is doing well.

 

This report is a 5-page executive report from Styleintelligence looking closer at Quiz Clothing.

 

This is a FREE DOWNLOAD (NO CARD DETAILS REQUIRED) four-page Diagnostic report outlining new revenue stream suggestions.

 

 

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