Missguided goes into administration as fast fashion brand owes millions of pounds
Missguided has appointed administrators after suppliers filed to shut it down over unpaid debts of millions of pounds.The fashion brand called in Teneo Financial Advisory on Monday 30 May to sell its business and assets after clothing supplier JSK Fashions issued a winding-up petition on 10 May. According to The Guardian, 140 jobs are thought to be at risk, while a source told the publication that over 80 people have already been made redundant.