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Glasgow-based fashion company Quiz has agreed two months of breathing space with HSBC after agreeing an extension of its existing banking facilities from £1.75 million to £3.50m.

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Glasgow-based fashion company Quiz has posted a six-month deficit after it accepted a £7 million impairment on loss-making stores. The company's online sales remained stagnant at £20m and its half-year underlying profits fell from £4.2m to £0.6m.

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