Quiz has confirmed that founder and chief executive Tarak Ramzan has stepped down with immediate effect and will be succeeded by the retailer’s chief commercial officer, Sheraz Ramzan, as sales slowed amid its ongoing strategic review.
Tarak Ramzan will assume a non-executive director role. The business said Sheraz Ramzan will bring “a fresh approach” alongside his “extensive” knowledge and experience of the business.
Quiz said the change comes as part of a plan to “recalibrate the Quiz brand” and to move the fashion retailer back into a phase of profitable growth.
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