It has been confirmed that Manchester-based online fast fashion retailer Missguided has appointed administrators in attempts to save the brand.
The multi-channel fashion retailer – which sells clothes primarily aimed at 16-35 year old women, and had its headquarters based in Stretford before moving to Trafford Park in 2015 – was founded by Nitin Passi back in 2009 when he was just 26, and it grew grew into one of Britain’s biggest online-led fashion retailers alongside ASOS and fellow Manchester-based fast fashion brands, Boohoo and Pretty Little Thing.
But now, Missguided has asked Teneo Financial Advisory to sell its business and assets.
It comes after the business was issued with a winding-up petition by clothing suppliers, who are owed millions of pounds.
Teneo said Missguided will continue to trade while it looks for a buyer.
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Gavin Maher from Teneo said there was “a high level of interest from a number of strategic buyers”.
The Manchester-based online fast fashion retailer was founded in 2009 / Credit: Missguided
He added in a statement: “As we continue to see, the retail trading environment in the UK remains extremely challenging [and] the joint administrators will now seek to conclude a sale of the business and assets, for which there continues to be a high level of interest from a number of strategic buyers.”
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The company employs around 330 staff members, with The Guardian reporting that about 140 jobs are thought to be at risk, and the publication citing a source as saying that more than 80 people had immediately been made redundant.
Reports suggest that rival and larger online fashion retailer, Boohoo – which bought a number of collapsing high street brands during the COVID-19 pandemic – had been in talks to buy Missguided in a prepack administration deal, and JD Sports and ASOS are also thought to have shown some interest, but a deal was not made.
The fashion retail company moved its HQ to state-of-the-art offices in Trafford Park in 2015 / Credit: Google Maps
In efforts to pinpoint why Missguided was on the brink of collapse, industry professionals and marketing experts said not only were some rival brands better, cheaper, and faster, but that shoppers now care more about sustainability and less about fast throwaway fashion.
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Julie Palmer – a partner at insolvency firm Begbies Traynor – also told the i newspaper that the cost of living crisis means shoppers are cutting back on spending on non-essentials like the fast fashion Missguided offers.
She said: “While Missguided boomed when we were locked down with no opportunity to spend wages going out, the harsh realities of post-pandemic life are becoming clear.”
The company has now asked Teneo Financial Advisory to sell its business and assets / Credit: Missguided
Ms Palmer added: “Rising inflation and worries about the potential for a recession mean that people just aren’t willing to spend on what they don’t need.
“Hopefully a buyer will see the potential in this company that means its suppliers continue to find an outlet for their products.”
Featured Image – Channel 4
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Manchester’s historic Portico Library secures £6.4m funding grant towards its transformation
Emily Sergeant
Manchester’s Portico Library has secured a whopping £6.4 million grant from The National Lottery Heritage Fund.
In case you missed it, ambitious plans to transform the historic Grade II-listed building on Mosely Street were already unveiled last October… but now, The National Lottery Heritage Fund has announced it is committing £6.4 million of funding towards the project, hoping that the building thrives as the UK’s most sustainable historic library for generations to come.
The grant is being described as a ‘major milestone’ in the approximately £12 million Portico Reunited project.
The Portico Reunited project will look to ‘reunite’ the historic building’s three floors for the first time in over a century, creating a fully-accessible and sustainable cultural library.
Founded all the way back in 1806, The Portico Library played a central role in Manchester’s rise as the world’s first modern city, and since then has been serving as a window into the past and a providing a place of inspiration for anyone who needs it.
The Portico Library has secured a £6.4m funding grant towards its transformation / Credit: Purcell Architecture (Supplied)
Crucially, plans will see a step-free entrance and lift installed to make the library accessible to all.
There’ll also be new exhibition and event spaces introduced as part of the scheme to explore the stories of Manchester’s communities and the city’s heritage. There will a Northern Bookshop, showcasing regional and emerging writers, and independent publishers, as well as a creative Portico Kitchen, which will celebrate the city’s food culture, writing, and history.
A place for school groups, families, and all people to explore Portico’s collection and experiment creatively also forms part of the plans.
Dr Thom Keep, Librarian and CEO of The Portico Library, called the funding grant a ‘landmark moment’ in the Portico’s ‘rich and complex history’, and a ‘huge achievement’ for its staff, trustees, volunteers, and partners.
“Thanks to National Lottery players, we can reunite this extraordinary building and make room for people to discover, learn and create together,” he added.
“We have listened to thousands of people about what the Portico could become, and their ideas and experiences have helped shape these plans.
“Our ambition is a library that belongs to the whole city – a place to discover remarkable collections, question the stories we have inherited, and create new possibilities together.”
Manchester City Council has granted planning permission and listed building consent for the project, and the building is expected to close for construction in late spring 2028 and reopen once again in early March 2030.
Following reopening, the transformed library is expected to welcome around 95,000 visitors each year.
Featured Image – Purcell Architecture (Supplied)
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New data estimates that 7.3m Oasis fans are set to miss out on 2027 tour tickets
Emily Sergeant
New data has revealed that as many as 7.3 million Oasis fans could be set to miss out on tickets to the band’s 2027 tour.
In case you need bringing up to speed a little, it was announced earlier this week that, following the unprecedented success of the reunion tour, Oasis Live ’25, last year, including five nostalgia-drenched gigs at Manchester’s Heaton Park, Oasis would be hitting the road once again in 2027, and this time around, they’re going BIG.
We’re talking 11 nights at the Etihad Stadium and a return to the iconic grounds of Knebworth for four special shows there too, kind of ‘big’.
The iconic Manchester band will also be taking to a range of other world-famous stages across the globe, including five nights at Glasgow’s Celtic Park, and major cities like Barcelona, Amsterdam, Paris, Rome, and Las Vegas.
But despite the elevated number of dates the Gallaghers and co will be performing, some new data has unfortunately revealed that millions of fans may still not be lucky enough to snag a ticket.
The ticketing system for Oasis Live ’27 is not what it was for the last tour, nor will it be similar to many other tours of a similar scale in the past either, as this time, the band and their promotors are taking necessary measures to ensure ‘genuine fans’ get their hands on the tickets and that dynamic pricing doesn’t creep in.
Instead of going into detail on that now though, you can read our full guide on how to get tickets for the Manchester and Knebworth shows here.
Experts at online ticketing platform TicketSource have analysed the scale of demand for Oasis tickets by comparing the 10 million fans worldwide who queued for the initial release of 1.4 million tickets for their 2025 tour, with the newly announced 2027 tour dates and stadium capacities.
With an estimated 2.67 million tickets available across 38 dates and 11 locations between 21 May and 19 September 2027, Oasis could still face huge demand from fans hoping to see them live.
But research reveals the band would need to play 112 Wembley-sized shows to accommodate everyone who tried to get a ticket in 2025.
The 2027 tour would accommodate just 26.7% of those who tried to get tickets last time, meaning almost three-quarters (73%) of them could miss out, leaving a shortfall of more than 7.3 million fans.
Fingers crossed you’re among the lucky lot that secure tickets, though.
Featured Image – Joshua Halling (Press Image – Supplied)
Emily Sergeant -
31st May 2022 
