Retailer Missguided on brink of calling in administrators

Winding-up petition issued to fashion firm by suppliers owed millions of pounds

The online clothing retailer Missguided is teetering on the brink of collapse after being issued a winding-up petition by clothing suppliers who are owed millions of pounds.

The fast fashion company, which made headlines with its 1 bikini three years ago, is understood to be close to calling in administrators from the insolvency specialists Teneo as early as Monday.