Wed, 04 May 2022 | BUSINESS SALE
Several high-profile parties are reported to be considering bidding for fast fashion company Missguided, with the possibility that a sale could be confirmed as early as this month. Potential buyers include several UK and international retailers, as well as private equity firms.
Manchester-based Missguided was founded 12 years ago by Nitin Passi, who stepped down as its chief executive last month. With Passi’s resignation, Missguided hired advisers from Teneo to explore strategic options for the company, including a potential sale.
Announcing the process last month, the retailer said that it was in a position to accelerate plans to locate a strategic partner that could provide the infrastructure to help it continue its turnaround following a difficult trading period. Among the firm’s key aims were streamlining its warehouse operations and reducing costs at its head office.
With a strong e-commerce platform as part of its multi-channel offering, Missguided performed strongly with high street stores shut during the pandemic. However, the reopening of similar stores such as H&M and Primark is thought to have hit its sales during 2021 and 2022.
Last year, the company was also heavily impacted by supply chain issues. This, along with the trading problems the brand experienced in the wake of COVID-19, led to investor Alteri rescuing the firm with a £53 million investment in a 50 per cent stake of the company.
Missguided now looks set to be sold, with interested retailers reported to include JD Sports, Asos, Frasers Group, Asda owners the Issa brothers and Chinese firm Shein. Reports have also indicated that private equity giants including CVC and Carlyle have been sent sales documents relating to the company.
Alteri continues to provide Missguided with financial and operational support while the sales process is ongoing.
Find businesses for sale here.
If you are looking for an exit, we can help!
A rare and exciting opportunity to purchase a truly exceptional licensed freehold convenience store which occupies a prominent trading position in South London. The store occupies a commanding position on a busy main road within a densely populated a...
LEASEHOLD
An opportunity to acquire this fantastic garden centre set in approximately 2.54 acres which was established in 1977 and boasts an enviable reputation within the area. The owners are now seeking to take a well-earned retirement. Potential for younger...
FREEHOLD
This is a a respected high class licensed Café and Gift Shop, situated in the heart of Bakewell. The business been established for over 23 years has a welcoming air conditioned 62 cover restaurant that was refurbished in 2017. This is a genuine retir...
LEASEHOLD
|
06
|
|
Oct
|
Administrators continue to explore sale of paper group subsidiaries | ADMINISTRATION
Administrators are continuing to explore a sale of the busin...
|
05
|
|
Oct
|
Vertu Motors plans further acquisitions after solid H1 performance | BUSINESS NEWS
Car retailer Vertu Motors has said that it is planning furth...
|
04
|
|
Oct
|
Brickability Group acquires ET Clay Products at 3.8x EBITDA | BUSINESS SALE
Welsh construction materials distributor Brickability Group ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
31
|
|
May
|
Administrators seeking buyer for fast fashion chain Missguided | ADMINISTRATION
Administrators are seeking a buyer for the business and asse...
|
28
|
|
Apr
|
Owner of fashion brand Missguided prepares to sell stake | BUSINESS NEWS
Nitin Passi, the owner and founder of online fashion retaile...
|
14
|
|
Apr
|
Millennial fashion retailer Missguided mulling a sale | BUSINESS SALE
Female fashion retailer Missguided is considering a sale or ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources