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Evening Standard
Evening Standard
Business
Mark Banham

Boohoo remains in race to bail out Missguided

Online fashion retailer Boohoo remains in the race to buy online retailer Missguided

(Picture: Tolentino/boohoo)

Online retailer Boohoo will still plough ahead with its approach to acquire fast fashion brand Missguided despite the company falling into the hands of the administrators.

However, the company will now not be able to offer a pre-packed rescue deal for the online retailer, due to its updated financial position and will now be in the position of negotiating with newly-instructed administrators Teneo.

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