Missguided
This coverage explores Missguided’s strategy, challenges, and performance in the UK fast fashion market. Reporting covers financial results, administration proceedings, leadership changes, brand repositioning, and supply chain issues — offering insight for retail executives, buyers, and managers tracking trends, risks, and opportunities in fast fashion and online retail.
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Apr- 2023 -5 AprilFeatures
Falling into administration – should you be worried?
Since the beginning of a new decade, we have heard of many high-profile retailers such as Made, Missguided, Joules, Paperchase, M&Co and Kath Kidston fall into administration to varying degrees of success. This is no coincidence; during 2022, administrations were actually 55% higher than the previous year, according to government…
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Dec- 2022 -13 DecemberClothing & Shoes
Frasers Group snapped up I Saw It First for £1
Frasers Group has revealed that it acquired online retailer I Saw It First for a cash sum of only £1 earlier this year. In its latest interim results for H1, Frasers said the brand owed £13m to shareholders at the time of its takeover. As part of the transaction, which…
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Oct- 2022 -24 OctoberClothing & Shoes
Frasers acquires stake in Asos
Mike Ashley’s Frasers Group has reportedly snapped up a stake in embattled online retailer Asos. Frasers notified Asos it had become a “significant” shareholder late on Friday of last week (21 October). It is believed the move will make Frasers the fourth biggest shareholder at around 5% but still significantly…
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24 OctoberHigh Street
Lenders prepare to take control of Matalan as bid deadline hits
Lenders are reportedly preparing to take control of Matalan after the deadline for its rescue bids was hit last Friday (21 October). According to The Telegraph, the bondholders who are owed £350m by Matalan “effectively control the business” after it failed to refinance the debts earlier this year. The Telegraph…
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19 OctoberPeople Moves
N Brown chief brand officer exits amid company shakeup
N Brown Group’s chief brand officer, Kenyatte Nelson, has left the company as part of a wider streamlining of the business. As first reported by Drapers, the group said that a core tenet of its strategy is the simplification of the business, and the executive team is no exception. As…
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Jul- 2022 -28 JulyClothing & Shoes
Frasers Group acquires online retailer I saw It First
Frasers Group has announced the acquisition of the online fashion retailer I Saw It First for an undisclosed sum. Frasers revealed it looks forward to integrating I Saw It First, which has over 5 million consumers, and has rapidly grown its digital presence since its launch in 2017. I Saw…
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21 JulyNews
Frasers Group swings to profit but warns of economic headwinds
Frasers Group has reported a “record-breaking” year with pre-tax profits surging to £344.8m in FY22, up from a loss of £39.9m in FY21, despite “significant” economic headwinds and challenges across the sector. Group revenues also increased 30.9% year-on-year from £3.62bn to £4.74bn, as the company recovers from Covid-19. However, Frasers…
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Jun- 2022 -15 JuneClothing & Shoes
Missguided founder to return as CEO under Frasers Group
Missguided founder Nitin Passi has returned to the business as CEO just two weeks after the company was acquired out of administration by Frasers Group. Passi founded Missguided in 2009 with Frasers describing him as the “driving force behind what became one of the most popular online fashion destinations”. However,…
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1 JuneClothing & Shoes
Frasers Group buys Missguided out of administration for £20m
Frasers Group plc has bought online women’s fashion retailer, Missguided, out of administration for a cash consideration of £20m. The group has acquired certain intellectual property of Missguided Limited (in administration), Mennace Limited (in administration) and Missguided (IP). Following the completion of the sale, the business will be operated by…
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May- 2022 -31 MayClothing & Shoes
Missguided collapses into administration, 140 jobs at risk
Online fashion retailer, Missguided, has fallen into administration after failing to secure a rescue bid for the company. According to the Guardian, the collapse puts approximately 140 jobs at risk, with over 80 employees having reportedly been made redundant immediately. Teneo Financial Advisory revealed Dan Smith, Daniel Butters and Benji…
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