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Daily Record

World

Jon Robinson & Peter Diamond

Missguided on the brink of collapse with suppliers owed millions of pounds

Missguided Teneo

Missguided is on the brink of going under one month after the online fashion giant shed 63 jobs and its founder quit as chief executive.

The company hired Teneo “to explore strategic options for the business” in April, however, the business has now been issued a winding-up petition by suppliers who are owed millions of pounds.

Missguided is now believed to be lining up administrators from Teneo for a potential insolvency process.

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