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The Latest Breaking News from Teneo

Scots clothing chain M&Co at risk of shutdown as firm enters administration

The firm, which began life as Mackays pawnbrokers in Paisley, is up for the sale for the second time in three years.

Daily Record

How the lights went out on Bulb – and the wrangle over its future

Decision on timing of Octopus’s takeover of collapsed energy supplier will be taken in court on Tuesday

The Guardian - UK

Remaining Studio Retail Group creditors in line to recover millions but some face wait

Administrators at Teneo have been working to identify who owes what and if there is enough money to pay them

Birmingham Post

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Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending

The Independent UK

New documents show how debts at Manchester-based Missguided spiralled to £80m before collapse

The online fashion brand was bought for £20m by Frasers Group at the start of June

Manchester Evening News

How Missguided collapsed owing more than £80m before being rescued by Frasers Group

Missguided was bought by Frasers Group in a £20m deal

Birmingham Post

Missguided suppliers expected to be paid less than 2% of £30m owed

Administrator’s report reveals how little may go to those left unpaid after collapse of online fashion firm

The Guardian - UK

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Court Orders Liquidation of Crypto Hedge Fund 3AC Following Voyager Loan Default: Report

A court in the British Virgin Islands has ordered the liquidation of crypto hedge fund Three Arrows Capital (3AC), after the company suffered major losses in the recent market turmoil. According to a report by Sky News, partners from Teneo, a global CEO advisory firm, are handling the insolvency proceedings after a court order…

Benzinga

Buy now, pay later: your rights over refunds as Missguided collapses

The fashion brand is not paying buyers back – but big finance firms say they will return cash

The Guardian - UK

Scale of financial woes faced by Urban Splash joint venture as it collapsed into administration revealed

A total of 160 people lost their jobs when the company entered administration last month

Birmingham Post

Missguided accused of 'robbing' customers as administrators confirm they won't receive refunds

The brands administrator has confirmed it is not in a position to honour any refunds.

Daily Record

Missguided shoppers furious after reading 'disgusting' email from staff

"Never in my life will I order with Missguided again or whatever the new one is called."

Manchester Evening News

Furious Missguided customers told they WON'T get refunds after retailer collapsed

Teneo was hired by Missguided to run the administration process but customers on social media say they’ve now been told their refunds won’t be honoured

Daily Mirror

Missguided customers told ‘no refunds on returns’ weeks after Mike Ashley agreed takeover

Angry shoppers take to social media to complain as fashion chain administrators rule out payments

Chronicle Live

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Birmingham Post

Missguided customers will not receive funds on returns, administrators rule

The fast fashion brand was acquired by Frasers Group in a £20m deal after entered administration

Wales Online

Missguided shoppers told they will not receive refunds for returns

The brand has now been taken over

The Independent UK

Missguided shoppers will not receive refunds on returns, say administrators

It comes after the Manchester-based company tumbled into insolvency last month.

The Independent UK

Missguided will not refund shoppers for returns after going into administration

Shoppers who returned items before 30 May should make a claim via their bank or buy-now-pay-later provider

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news in one place.

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Daily Mirror

'I found out I'd lost my job of 8 years at Missguided when I was locked out of my email'

The new mum claims she was only able to find out she was being made redundant through the help of friends and after being locked out of her email account with the fast fashion retailer

Manchester Evening News

New mum found out she'd lost eight-year job at Missguided 'from her colleagues' whilst on maternity leave

"I've now got to find a new job with two newborn babies to look after"

The Guardian - UK

Missguided collapse could leave thousands of customers out of pocket

Deliveries of orders not guaranteed while administrators unlikely to honour refund requests from before they were called in

Daily Mirror

Billionaire Mike Ashley's firm buys Missguided after it plunges into administration

Billionaire Sports Direct founder Mike Ashley's firm has stepped in to save fashion firm Missguided after it collapsed into administration just yesterday, owing suppliers millions

Evening Standard

Boohoo remains in race to bail out Missguided

Administrator Teneo has been appointed to fast fashion brand in ‘extremely challenging’ market

Chronicle Live

Fashion retailer Missguided collapses under weight of debts

Administrators called in after last-minute talks to find buyer fail, but they stress there is high level of interest in the fast fashion firm

Birmingham Post

Online fashion firm Missguided collapses into administration

The business will continue to trade while administrators seek to sell off assets

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