Missguided

Missguided is a UK-based online fashion retailer that operates in the fast-fashion market, primarily targeting women aged 16-35. The company was founded in 2009 by Nitin Passi, who launched the business with a £50,000 loan from his father. Passi, who studied business at Newcastle University, came from a family with a background in fashion; his grandfather established a knitwear factory in the UK, and his father ran a fashion wholesale business where Passi worked after graduating. He started Missguided from a factory in Prestwich, initially handling all aspects of the e-commerce operation himself, and repaid the loan within six months.

The business model is centered on e-commerce and a "rapid fashion" strategy, which involves introducing between 150 to 200 new products weekly to keep up with trends. This agility is supported by a vertical supply chain with production in both the UK and the Far East, enabling a quick turnaround from design to sale. Revenue is generated through direct-to-consumer sales via its website and mobile app, which features a "Swipe to Hype" function similar to Tinder for users to like or dislike items. The company also utilizes third-party online retailers like ASOS and Zalando for B2B sales. Missguided's product range is extensive, including clothing, shoes, accessories, and has expanded to include petite, tall, and plus-size lines, as well as collections for lingerie, nightwear, and wedding dresses.

A key element of Missguided's growth strategy has been its use of high-profile collaborations with celebrities such as Nicole Scherzinger, Pamela Anderson, and Jourdan Dunn, and social media influencers. The brand also gained significant visibility as an official sponsor of the popular reality TV show 'Love Island'. In 2017, the company expanded its offering by launching a menswear label called Mennace. The brand's physical presence began in 2015 with concessions in department stores like Nordstrom in the US and Selfridges in the UK, followed by flagship stores. However, after a period of rapid growth, the company faced financial difficulties attributed to rising supply chain costs, inflation, and increased competition. In May 2022, Missguided went into administration after failing to pay its debts to suppliers. Shortly after, Frasers Group acquired the intellectual property of Missguided and its sister brand Mennace for approximately £20 million. In October 2023, Frasers Group sold Missguided's brand and intellectual property to the online marketplace Shein, while retaining its staff and real estate. A joint venture was formed with Nitin Passi to manage and operate the brand under a license.

Keywords: fast fashion, online retail, e-commerce, womenswear, celebrity collaborations, social media marketing, influencer marketing, UK fashion, Mennace, Frasers Group, Shein acquisition, Nitin Passi, direct-to-consumer, apparel, youth fashion, rapid fashion, Love Island sponsor, digital-first brand, fashion technology, supply chain management, brand licensing