Missguided seeks rescue advice
Missguided has brought in a restructuring specialist as it seeks to raise emergency funding following struggles with prices rises and supply chain disruption.
According to The Telegraph, the online fashion retailer’s founder Nitin Passi is understood to be in talks with AlixPartners to look at restructuring options.
The newspaper has also reported that Passi is seeking £50 million in emergency funding from outside investors.
The company has previously hired Rothschild to sell the business, but no buyer or new backer has emerged.
In response to the speculation, a spokesperson for Missguided said Rothschild is continuing to manage its investment process. They added: ” While we continue to talk to a range of parties as part of that process, this kind of incorrect speculation is more than disappointing and disrespectful to our partners and staff.”
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