Major online retailer goes into administration as rescue talks fail

ONLINE fashion giant Missguided has called in administrators after failing to secure a rescue bid, it’s reported.

The clothes company, which has been accused of not paying suppliers, is understood to be on the brink of collapse.

It comes after furious shoppers blasted the retailer for not fulfilling orders.

Previously, it had been understood that retail giant Boohoo was in talks to buy its rival in a pre-pack rescue deal.

However, The Guardian reports tonight that administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition.

Clothing suppliers are owed millions, the publication alleges.

Around 140 jobs are at risk.

It has also been claimed that police were called to the Missguided head office in Manchester after calls from angry suppliers.

Some of the online retailer’s UK and overseas suppliers told the paper they had not been paid for months.

One told The i that they had to sell wedding jewellery belonging to his mum and wife to raise £40,000 for staff’s wages.

And shoppers are furious that the firm has failed to fulfil orders that were promised for next-day delivery.

The company was continuing to take orders on Monday, but sources said it was not clear if the group’s distribution partner, GXO, was continuing to handle those orders.