The Latest Breaking News from Missguided

Mike Ashley’s retail empire has snapped up troubled fast fashion brand Missguided in a rescue deal. The deal comes after Missguided collapsed into administration on Monday after suppliers accused the business of millions of pounds worth of outstandi

Company controlled by Mike Ashley ‘delighted to secure a long-term future’ for online fashion retailer

Billionaire Sports Direct founder Mike Ashley's firm has stepped in to save fashion firm Missguided after it collapsed into administration just yesterday, owing suppliers millions

Firms claiming to be owed millions of pounds said retailer ordered goods despite insolvency looming

This year, contestants on the TV show Love Island will be scantily clad in secondhand rather than new clothing – a pivot away from fast fashion that could influence more eco-conscious shopping habits in fans. The beloved reality show will return to televisions next week, and with it, an array…

Administrator Teneo has been appointed to fast fashion brand in ‘extremely challenging’ market

Administrators called in after last-minute talks to find buyer fail, but they stress there is high level of interest in the fast fashion firm

The business will continue to trade while administrators seek to sell off assets

The company was hit hard by surging supply costs, wider inflationary pressures and waning consumer confidence.

The company has been hit hard by surging supply costs

The company owes millions of pounds to suppliers