Senin, 30 Mei 2022

Online fashion retailer Missguided calls in administrators - Sky News

Online fashion retailer Missguided has called in administrators after failing to secure a rescue bid.

Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds.

Teneo's Gavin Maher said: "As we continue to see, the retail trading environment in the UK remains extremely challenging.

"The joint administrators will now seek to conclude a sale of the business and assets, for which there continues to be a high level of interest from a number of strategic buyers."

About 140 jobs are thought to be at risk, with The Guardian citing a source as saying more than 80 people had immediately been made redundant.

Teneo said Missguided will continue to trade while a buyer of the business is sought.

Boohoo, a larger online fashion retailer, had been in talks to buy Missguided in a prepack administration deal.

More from Business

JD Sports and ASOS are also thought to have shown some interest, but a deal was not made.

Missguided was founded by Nitin Passi in 2009 when he was just 26, and grew into one of Britain's biggest online-led fashion retailers, competing with the likes of ASOS and Boohoo.

Its journey was not without serious difficulties, however, including in 2017 when one of its Leicester-based suppliers was accused after an undercover investigation of paying workers less than the minimum wage.

In 2019, it faced scrutiny over the sale of a £1 bikini, but responded by saying that the clothing item had "cost us more to produce than £1 and we're absorbing the costs so we can offer it at an incredible price as a gift to our customers".

Missguided did open a handful of physical stores, including one at London's Westfield shopping centre, but decided to close them after deciding that their operating losses were too large to justify.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiXmh0dHBzOi8vbmV3cy5za3kuY29tL3N0b3J5L29ubGluZS1mYXNoaW9uLXJldGFpbGVyLW1pc3NndWlkZWQtY2FsbHMtaW4tYWRtaW5pc3RyYXRvcnMtMTI2MjQ0NTXSAWJodHRwczovL25ld3Muc2t5LmNvbS9zdG9yeS9hbXAvb25saW5lLWZhc2hpb24tcmV0YWlsZXItbWlzc2d1aWRlZC1jYWxscy1pbi1hZG1pbmlzdHJhdG9ycy0xMjYyNDQ1NQ?oc=5

2022-05-30 20:17:42Z
CBMiXmh0dHBzOi8vbmV3cy5za3kuY29tL3N0b3J5L29ubGluZS1mYXNoaW9uLXJldGFpbGVyLW1pc3NndWlkZWQtY2FsbHMtaW4tYWRtaW5pc3RyYXRvcnMtMTI2MjQ0NTXSAWJodHRwczovL25ld3Muc2t5LmNvbS9zdG9yeS9hbXAvb25saW5lLWZhc2hpb24tcmV0YWlsZXItbWlzc2d1aWRlZC1jYWxscy1pbi1hZG1pbmlzdHJhdG9ycy0xMjYyNDQ1NQ

Tidak ada komentar:

Posting Komentar