Hundreds of jobs "will be lost" after a Glasgow-based fashion retailer has called in administrators.
Sky News reported on Wednesday that loads of jobs will be lost after Quiz Clothing called in administrators.
It is understood that the clothing firm, which was listed until recently on the London Stock Exchange, will see the closure of 23 stores.
On top of that, around 200 employees at the company are expected to be made redundant.
Quiz appointed the insolvency practitioner Teneo as the administrator to Zandra Retail, which runs the company's standalone shops in the UK and Ireland, after weeks of discussions about an urgent rescue deal.
Sky revealed the transaction is expected to be structured as a 'pre-pack administration', with the remaining assets being acquired by Orion Retail - a subsidiary of the company controlled by the founding Ramzan family.
Orion will then hold the right to trade from 42 outlets previously owned by Zandra.
Meanwhile, the clothing giant's online business, concessions, and international operations, which are run by other Group subsidiaries, won't be affected by the administration call.
In a statement to Sky News, Sheraz Ramzan, CEO of Quiz said: "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.
"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."
In January, we told how Quiz was on the brink of falling into administration.
The clothing company was founded in 1993 and began trading with three stores in Scotland.
The troubled retailer group had been scrambling to secure its future in recent weeks after warning it could run out of cash in the first few months of this year.
Currently, Quiz runs 62 stores and 47 concessions across the UK.
Several of its stores are located across Glasgow, with one being in the St Enoch Shopping Centre and another in Buchanan Galleries.
