Missguided has fallen into administration after failing to secure a last-minute buyer - putting over 300 Manchester based jobs at risk.
The fast fashion company was issued a winding-up petition last week by suppliers who are owed millions. It comes after police were called to the retailer's Trafford headquarters after suppliers turned up demanding overdue payments be made.
Insolvency specialists are now seeking to sell the business and assets of the retailer, which employs around 330 staff, the PA News Agency reports. READ MORE:Suitcases 'lost' on Ryanair flight causes family to spend €500 on new clothes Missguided was founded in 2009 by Nitin Passi and grew rapidly amid rising demand for online fashion.
However, the company was hit hard by surging supply costs, wider inflationary pressures and waning consumer confidence in the increasingly competitive market.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.