Online fashion giant Missguided is on the brink of calling in administrators amid accusations of not paying its suppliers.
The clothes company, which employs around 400 people, is said to be facing collapse after a winding up petition was issued earlier this month by unpaid supplier JSK Fashions, according to Retail Gazette. The online fashion giant is understood to be lining up administrators from Teneo for a potential insolvency process.
Angry suppliers and factory owners claim Missguided owns them millions of pounds and they are facing bankruptcy due to outstanding payments. According to The i newspaper, police were reportedly called into the company's head office in Manchester because of suppliers' accusations, with one angry supplier claiming they had to sell their wife and mother's wedding jewellery to raise £40,000 to pay for staff's wages.
