Retail
Shein buys Missguided brand from Mike Ashley’s Fraser Group
Deal marks Chinese fast fashion giant’s first UK acquisition
Shein, the Chinese-founded fast-fashion giant, has made its first acquisition in the UK, buying women’s clothing brand Missguided for an undisclosed amount.
The company said it plans to “reignite” the brand, which was bought out of administration just a year and a half ago by Mike Ashley’s Frasers Group.
The deal will see Singapore-headquartered Shein buy Missguided’s intellectual property and trademarks.
But the Manchester-based company’s staff and real estate will stay with Frasers, which has ...