Fast fashion retailer Quiz Clothing has revealed plans to abandon its listing on London’s junior stock market amid a battle to stay afloat.
Shareholders in Quiz, which has 60 UK stores, will be asked to vote to exit AIM at an investor meeting in January.
Quiz said delisting will ‘be in the best interests of the company and its shareholders’.
Founder Tarak Ramzan and his family will vote to quit AIM, as will major investors Tajveer and Amraj Gill.
In total, owners of 66.74 per cent of Quiz’s shares are expected to back the delisting, which needs 75 per cent to pass.
Meanwhile, Scottish-born Ramzan is in talks to prove a £1m loan to the retailer.
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