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Birmingham Post
Birmingham Post
Business
Jon Robinson & Henry Saker-Clark

Missguided customers will not receive funds on returns, administrators rule

Customers of collapsed fast fashion retailer Missguided have been told they will not receive refunds for returns.

The news from the Manchester-headquartered company's administrators comes after the business tumbled into insolvency last month after racking up millions of pounds in outstanding payments to creditors.

Two weeks ago, Mike Ashley's Frasers Group sealed a deal, worth around £20m, to buy the business and assets of Missguided, as well as sister brand Mennace.

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