One source said that Quiz had been approached by “several turnaround funds” looking to provide it with a cash injection. A Quiz spokesman told Drapers: “The business has experienced volatile trading in the last twelve months. Whilst sales were stronger than anticipated in the summer they were disappointing during the critical Christmas period. “The primary shareholders have provided considerable financial support to the business over the last year. While its online business, international operations and concessions were not impacted, Quiz closed 23 stores and around 200 jobs were cut as a result.