Missguided has warned that 140 jobs remain at risk following supply chain disruptions, inflation and a decline in customer demand.
The fashion retailer said a 45-day consultation period has started as part of a “comprehensive restructure of the business”.
It sold a 50% stake to Alteri, backed by US private equity giant Apollo, last year after revealing it was on the cusp of collapse. It is thought that potentially the same investment management firm could bail Missguided out of current crisis talks.
Misguided reported sales of £287million in the year to March 2021, with the UK and US being its two largest markets.
