QUIZ PLC (GB:QUIZ) has released an update.
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QUIZ PLC, a fashion brand known for occasion wear, has renewed its £4.0 million bank facilities until June 2025, with a current net borrowing of £1.6 million and total liquidity of £2.4 million. Despite a £1.7 million drop in UK revenue due to cost-of-living pressures, the company has seen a 12% increase in international demand and is executing strategic initiatives such as brand re-alignment and omni-channel expansion to improve revenue and profit margins. The full-year results ending 31 March 2024 are set to be released in late July.
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