Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  QUIZ plc    QUIZ   JE00BZ00SF59

QUIZ PLC

(QUIZ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

QUIZ : UK retailer Quiz suspends ties with supplier over wage allegations

share with twitter share with LinkedIn share with facebook
07/13/2020 | 03:55am EDT

LONDON, July 13 (Reuters) - British fashion retailer Quiz said on Monday it had suspended ties with a supplier accused in a weekend newspaper report of breaching minimum wage requirements at a factory in Leicester, central England.

The Times reported on Saturday that workers at the factory were paid as little as 3 pounds ($3.80) an hour to make clothes for Quiz.

Britain's minimum wage is 8.72 pounds for people over 25 years old and 8.20 pounds for people aged 21 to 24.

Quiz said it was investigating the allegations and that its initial review had found the supplier had used a sub-contractor in direct contravention of a previous instruction. It did not identify the supplier.

Quiz's shares dropped around 20% in early dealings, but by 1335 GMT had recovered to trade up 3.4% at 6.98 pence.

The Times report followed allegations in a July 5 Sunday Times report of poor working conditions at a Leicester-based supplier to online fashion retailer Boohoo, which sent its shares 28% lower last week.

Boohoo said on July 8 it was launching an independent investigation into the allegations and that it was committed to driving up standards where required.

It also noted that Britain's The Gangmasters and Labour Abuse Authority had not taken any enforcement action during its investigation into working conditions at clothing manufacturers' factories in Leicester.

($1 = 0.7897 pounds) (Reporting by James Davey; Editing by Mark Potter and Jon Boyle)

Stocks mentioned in the article
ChangeLast1st jan.
BOOHOO GROUP PLC 15.23% 374.5 Delayed Quote.25.71%
QUIZ PLC 8.84% 8 Delayed Quote.-54.48%
share with twitter share with LinkedIn share with facebook
All news about QUIZ PLC
07/13BOOHOO : UK retailer Quiz suspends ties with supplier over wage allegations
RE
07/13QUIZ : UK retailer Quiz suspends ties with supplier over wage allegations
RE
06/10QUIZ : Completion of Restructuring-Retail Store Portfolio
PU
06/10Retailer Quiz to put stores subsidiary into administration
RE
03/26QUIZ : Trading Update and COVID-19 Impact
PU
01/24Festive cheer falls flat for some British retailers
RE
01/22Festive cheer falls flat for some British retailers
RE
01/16Festive cheer falls flat for some British retailers
RE
01/15QUIZ : Christmas Trading Update - Replacement
PU
01/15LONDON STOCK EXCHANGE : Defensive stocks buoy FTSE 100 before U.S.-China trade d..
RE
More news
Financials
Sales 2020 123 M 156 M 156 M
Net income 2020 - - -
Net cash 2020 4,83 M 6,15 M 6,15 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 9,94 M 12,6 M 12,7 M
EV / Sales 2020 0,04x
EV / Sales 2021 0,02x
Nbr of Employees 1 600
Free-Float 51,2%
Chart QUIZ PLC
Duration : Period :
QUIZ plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends QUIZ PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 8,50 GBX
Last Close Price 8,00 GBX
Spread / Highest target 50,0%
Spread / Average Target 6,25%
Spread / Lowest Target -37,5%
Managers
NameTitle
Tarak Ramzan Chief Executive Officer & Director
Peter Alan Cowgill Independent Non-Executive Chairman
Gerard Sweeney Chief Financial Officer, Secretary & Director
Roger Thomas Mather Independent Non-Executive Director
Charlotte Rose O'Sullivan Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
QUIZ PLC-54.48%13
LVMH MOËT HENNESSY - LOUIS VUITTON SE-3.38%234 047
LULULEMON ATHLETICA INC.36.12%41 094
VF CORPORATION-29.22%27 486
LI NING COMPANY LIMITED49.25%11 114
MONCLER S.P.A.-13.30%10 202