The Story: Following its financial troubles, Missguided was rescued by the retail-focussed Alteri Investors last year who acquired a 50% stake in the business. After a failed restructure of the company (which included staff redundancies and Missguided founder, Nitin Passi, stepping down as CEO), Alteri struggled to sell the brand, recently appointing Teneo as administrators.... Continue Reading →
Victoria’s Secret UK and the Angels of Administration
Victoria's Secret is an American lingerie company loved by teenagers and young women worldwide. The Victoria's Secret 'Angels' are an iconic symbol, pinning the brand as one of the most popular High Street lingerie retailers. However, it seems that on this side of the pond, the Angels have fallen into administration... The 'A' Word... Administration.... Continue Reading →