Kast Retail Ltd (SC355901): administration
- Status
- Administration ended
- Administration began
- 2020-06-10
- Administrators' firm
- KPMG
- Incorporated
- 2009-03-03
- Location
- Glasgow
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Sustained trading losses
- Regulatory change or action
- Weak consumer demand
- Shift to online / high-street decline
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company was incorporated in March 2009 and operated the Group’s 82 physical retail stores located across the UK (75) and the Republic of lreland (7).
The Company specialised in the sale of “Quiz” branded clothing and fashion accessories, aimed, primarily, at the 18 to 30 female demographic and specialising in occasionwear and seasonal pieces.
The Group also operates a website, a concessions business and international / wholesale operations. These are run by other Group companies and are unaffected by the administration of the Company.
Administrators' statement of proposals (2020-06-23) · Companies House register