Missguided has been bought out of administration by Mike Ashley's Frasers Group.
27.05.2022 - 16:29 / manchestereveningnews.co.uk
Missguided is on the brink of collapse a month after the online fashion giant shed 63 jobs and its founder quit as chief executive.
The company hired Teneo "to explore strategic options for the business" in April but has now been issued a winding-up petition by suppliers who are owed millions. The Manchester-headquartered business is now understood to be lining up administrators from Teneo for a potential insolvency process.
Police were called to the retailer's Manchester headquarters after suppliers turned up earlier this week demanding overdue payments be made, according to reports by The i. On May 10, a winding-up petition was issued against Missguided by clothing supplier JKS Fashions.
READ MORE: The top team leading Missguided after founder Nitin Passi quit as CEO
Creditors have applied for compulsory liquidation and a Manchester court is due to hear the case in July. The newspaper said three suppliers for Missguided warned they are at risk of going bankrupt due to outstanding payments.
Last autumn, the company was saved in a takeover by investment firm Alteri which announced redundancies in December as part of a turnaround plan.
A spokesman for the company said: "Missguided is aware of the action being taken by certain creditors of the company in recent days, and is working urgently to address this. A process to identify a buyer with the required resources and platform for the business commenced in April and we expect to a provide an update on progress of that process in the near future."
Teneo recently led the sale of Studio Retail Group to Mike Ashley's Frasers Group after it had fallen into administration. Missguided was founded by Nitin Passi in 2009 and sold a 50% stake to Alteri Investors towards the end
Missguided has been bought out of administration by Mike Ashley's Frasers Group.
Missguided has appointed administrators after suppliers filed to shut it down over unpaid debts of millions of pounds.The fashion brand called in Teneo Financial Advisory on Monday 30 May to sell its business and assets after clothing supplier JSK Fashions issued a winding-up petition on 10 May. According to The Guardian, 140 jobs are thought to be at risk, while a source told the publication that over 80 people have already been made redundant.
Missguided has fallen into administration after failing to secure a last-minute buyer - putting over 300 Manchester based jobs at risk.
Tributes have been paid to a beloved delivery driver who died at home following a heart attack. Ikhlaq Ahmed, 59 worked for popular takeaway Florida Chicken in Oldham town centre.
Bring Me The Horizon hosted their own festival in Malta this weekend, and Saturday night (May 28) saw them play a special “throwback” set – see footage, setlist, reaction and more below.Curated by the band themselves, the Malta weekender also hosted Bullet For My Valentine, Nova Twins and Beartooth among others, and earlier in the festival, the band debuted a new song called ‘Strangers’ during a DJ set.During their Saturday night throwback set, the band were joined by a host of special guests and performed rare old tracks that they haven’t played live in over a decade.After the set began with the first live performance of ‘Liquor & Love Lost’ since 2008, the band were then joined by Spiritbox’s Courtney LaPlante for ‘Chelsea Smile’, Beartooth’s Caleb Shomo for ‘Antivist’, Malevolence’s Alex Taylor for ‘Pray For Plagues’, While She Sleeps‘ Loz Taylor for ‘Empire (Let Them Sing)’ and more.Watch footage of the performances and see the full setlist below.alligator blood.@bmthofficial x @staticdress pic.twitter.com/ltlk6VLox6— Static Dress (@staticdress) May 28, 2022Chelsea Smile with Courtney of Spiritbox Bring me the horizon Throwback Set in Malta 2022 pic.twitter.com/Ai6uNGFmph— bring me the horizon stan for lyfe (@bmthstan4lyfe) May 28, 2022Can’t believe I met Oli Sykes in the day and then saw him performing Pray For fucking Plagues & Diamonds Aren’t Forever in the evening, what a genuinely unreal dayActually speechless (probably cos my voice is now fucked) #BMTHMalta pic.twitter.com/2NUjNSmdOS— ss (@SamwhereNow) May 29, 2022EMPIRE.@bmthofficial @LOZWSS @whileshesleeps // BMTH MALTA WEEKENDER // 28.05.2022 pic.twitter.com/VuLYgoSCFq— josh //
A woman sits on a bench outside Middleton Shopping Centre. Clutching a 99p McDonald’s cheeseburger, the sun momentarily breaks through the clouds as she points to a friend beside her.
Bring Me The Horizon‘s Oli Sykes has spoken about how the band were received by the media during their earlier days.Over the past decade, the Sheffield metal titans have gone on to become one of the most popular bands in British rock. However, according to frontman Sykes, it wasn’t always like that.Speaking in a recent interview with Kerrang!, Sykes recalled how BMTH were portrayed by the media when they were first gaining popularity.“Our band was kind of branded as a Mötley Crüe-esque bunch of fucking dickheads,” Sykes said.
Bring Me The Horizon debuted a new song ‘Strangers’ in a DJ set at their festival in Malta. Listen below.In a clip posted to Twitter today (May 27), the British quintet can be seen performing the unreleased track to the audience at the ‘Bring Me The Horizon & Friends’ event, which kicked off yesterday and will run for four days at Malta’s Gianpula Village.In the videos below, see the band play ‘Strangers’ and teach the crowd its lyrics, which go: “We’re just a room full of strangers / Looking for something to save us / Alone together“.BRING ME THE HORIZONS NEW SONG STRANGERS!!!! First heard in Malta!!!! #bmth #bmthmalta #bringmethehorizon pic.twitter.com/2iJWGd4xAB— True_SCHU in MALTA for BMTH (@True_Schu) May 26, 2022Curated by the band themselves, the Malta weekender will also host Bullet For My Valentine, Nova Twins and Beartooth among others.Bring Me The Horizon’s last solo release was their 2021 song, ‘DiE4u.’ That single was the first to be lifted from BMTH’s forthcoming album, a follow-up to their multi-part 2020 EP, ‘Post Human: Survival Horror.’In an interview with NME in 2021, Bring Me The Horizon frontman Oli Sykes said the band was “working on parts two, three and four” of ‘Post Human,’ before assuring that they’d “get songs out as soon as [they] can”.The unreleased track arrives after a more recent album tease in May, when Sykes revealed that “we’ve been working on [‘Post Human Part Two’] for about a year now.”“We’ve got lots of music, we’re just being quite picky about what we want to release.
Turtle Bay, the Caribbean restaurant chain, is opening a huge new restaurant at Salford Quays. The new spot will be at the waterside terrace area, overlooking the Lowry Theatre.
Christine Baranski rocks a sharp suit for The Gilded Age special screening held at The Whitby Hotel in New York City on Tuesday (May 24).
Energy executives have confirmed that the energy price cap will once again be rising in October amid an already soaring cost of living crisis.
Juan Mata's time at Manchester United might not be over yet.
Takeaway giant Domino’s has confirmed that they’ve brought back a fan-favourite pizza just in time for the weekend. It comes after it was taken off the menu during the pandemic due to staff shortages.
video snippet of the series.The Sky Original drama is co-written and directed by Michael Winterbottom. The series, first named “This Sceptered Isle,” is based on Boris Johnson’s first months as UK Prime Minister, showing how the first wave of the COVID-19 pandemic hit Britain.Alongside Branagh, who won the Best Original Screenplay Academy Award for “Belfast” this year, Ophelia Lovibond will star as Carrie, and Andrew Buchan will play Matt Hancock.Highlights of the plot include Johnson’s dealing with COVID-19, Brexit, and the overlapping of his personal and political lives.
How soon is too soon for a COVID-centric miniseries? For Sky Atlantic, not soon enough, as their series on Boris Johnson and the first wave of the COVID-19 pandemic “This England” hits small screens this Fall. READ MORE: Michael Winterbottom To Direct A TV Seris About UK Prime Minister Boris Johnson’s COVID-19 Response Kenneth Branagh stars as the blonde, mop-headed Prime Minister in the five-episode series.
This England, starring Kenneth Branagh as Boris Johnson.The series, co-written and directed by Michael Winterbottom, is based on Johnson’s first months as prime minister and the outbreak of the coronavirus pandemic in the UK.A synopsis reads: “The drama takes us inside the halls of power, as Johnson grapples with COVID-19, Brexit, and a personal and political life wracked by controversy.“The events in government are interwoven with first-hand testimonies from around the UK, from the experts and scientists racing against time to understand the virus; the doctors, nurses and care-home workers on the frontline working tirelessly and heroically to contain and overcome it; and ordinary people whose lives were thrown into turmoil.”Alongside Branagh, the show stars Ophelia Lovibond (Feel Good) as Carrie Johnson and Andrew Buchan (The Crown) as former Health Secretary Matt Hancock.While an exact release date is yet to be announced, This England is scheduled to be released on Sky Atlantic and NOW later this year.Branagh was recently cast in Christopher Nolan’s next film Oppenheimer, alongside Cillian Murphy, Emily Blunt, Matt Damon, Robert Downey Jr, Florence Pugh and Rami Malek.The film follows theoretical physicist J. Robert Oppenheimer (Murphy) and his contributions to the Manhattan Project which led to the creation of the atomic bomb.
Bring Me The Horizon have announced details of a full US headline tour – check out the dates below.The band will begin their tour in Louisville at the Louder Than Life Festival, before taking in dates that include New York, Atlanta, Nasville, Orlando, LA, Chicago, Detroit and more – before finishing up in Las Vegas.You can check out the full list of dates here and buy tickets for the shows here from Friday May 20 at 10am local time.aMeRicA 2o22 hEaDLiNe tOuR