Is this the end for fast fashion? Missguided becomes latest online clothes giant facing the axe

Fast fashion giant Missguided is teetering on the brink of collapse after being issued a winding-up petition by suppliers who are owed millions.

The online fashion brand is understood to be lining up administrators from Teneo for a potential insolvency process after police were called to their Manchester headquarters this week.

On May 10, a winding-up petition was issued against Missguided by clothing supplier JKS Fashions. Creditors have applied for compulsory liquidation and a Manchester…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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