Missguided has announced it will be axing 63 jobs alongside a shakeup of company management.
The Manchester-headquartered fashion retailer confirmed that its founder and chief executive Nitin Passi, who has headed the company since 2009, has stepped down. In a statement, Passi said he has “great pride” in what the company has achieved, but that it is the “right moment” for him to step away.
Consulting firm Teneo has been appointed to "to explore strategic options for the business,” reports BusinessLive .
