The struggling fashion chain has drafted in advisers to oversee a process of liquidation, according to documents seen by The Sun.
It is understood the chain will have shut 35 shops by 14 March after trimming down its store estate since the start of the year.
The retailer entered into a company voluntary arrangement (CVA) last year, overseen by restructuring specialist firm Moorfields. But Moorfields has now been tasked with liquidating the business, The Sun reported.
Last month, Quiz Clothing closed 23 stores and cut 200 jobs in a pre-pack administration. It attributed the decision to “the continuing challenging trading conditions” which impacted the group’s performance.