Online fashion giant Missguided has reportedly called in the administrators. Reports earlier this week suggested the retailer could owe millions to suppliers.
The brand was expected to try and secure a rescue deal, but the Guardian says administrators were called in on Monday afternoon (May 30). It is thought a winding-up petition was issued by the firm's suppliers.
The national newspaper says around 140 jobs are thought to be at risk. It also claims 80 people were immediately made redundant after the news was announced.
