Online fashion retailer Missguided calls in administrators

UK-based firm issued with winding-up petition by suppliers owed millions of pounds

Missguided is lining up administrators as the online fashion brand teeters on the brink of a potential collapse (Missguided/PA)

Missguided, the online fashion specialist, has called in administrators after failing to secure a rescue bid.

Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant.