RSM advises fashion brand Quiz on £200m IPO

RSM’s capital markets team has advised Quiz Plc, the omni-channel women’s fast fashion brand, on its £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 Craig with support from Ed Pipe, Tania Phillips and John More, acted for Quiz on today’s (20 July 2017) placing.

Diane Craig, head of capital markets at RSM and lead adviser on the deal, said:

‘Quiz is a real success story. In a competitive and ever changing retail landscape, the Quiz brand has struck a chord with customers and demand continues 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.