Fashion retailer Quiz has announced the departure of its chief financial officer Gerard Sweeney after more than eight years with the company.

Sweeney will remain with the Glasgow-headquartered group until 31 March 2025 to ensure a smooth handover of responsibilities to his successor.

The announcement comes during a challenging period for the omni-channel fashion brand, which recently reported a pre-tax loss of nearly £7 million for the year ending 31 March. The company has been grappling with falling sales and profits, with revenues dropping £1.7m to £13.8 million in the period from 1 April to 31 May compared to the previous year.

Sweeney, who joined Quiz in 2016, expressed confidence in the company's future prospects despite current challenges. "I firmly believe in Quiz's turnaround potential under Sheraz's leadership, and that the business will return to profitable growth," he said. "After more than eight years in the role, I felt that now is the right time to step back and consider new opportunities."

The departure follows significant leadership changes at Quiz, including the stepping down of founder Tarak Ramzan as chief executive officer in March, when he moved to a non-executive director role. His successor, Sheraz Ramzan, who previously served as chief commercial officer, praised Sweeney's contribution to the business.

"On behalf of everyone at Quiz I would like to thank Gerry for his commitment and valued input over the past eight years," said Sheraz Ramzan, chief executive officer. "Whilst Gerry will continue in his role over the coming months while we search for a successor, we wish him the very best in his future endeavours."

The company has initiated the recruitment process for a new chief financial officer and will provide updates on the appointment in due course.

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