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Birmingham Post
Birmingham Post
Business
Jon Robinson

How Missguided collapsed owing more than £80m before being rescued by Frasers Group

Missguided Frasers Frasers Group Teneo Nitin Passi

Online fashion brand Missguided collapsed into administration owing more than £80m before it was rescued by Frasers Group, it has been revealed.

Newly-filed documents with Companies House by administrator Teneo have also confirmed that Missguided's suppliers are expected to be paid less than 2% of the £30m they are owed.

The Manchester-based business will pay out less than 1.7p in the pound to factory owners, the documents show.

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