Missguided: Insolvency

(asked on 1st June 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the clothing retailer Missguided falling into administration, what assessment he has made of the potential impact on job security for UK factory workers who supply that company.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 13th June 2022

On 1st June 2022 it was announced that Missguided had been bought by the Frasers Group. The company will be supervised by the administrators for a transition period of eight weeks, after which the new owners will take over responsibility for running the business. The Government has no role in the strategic direction or management of private retail companies.

No announcement has yet been made regarding redundancies. However, we recognise that this will be a worrying time for Missguided’s employees and their families and the Government stands ready to support those who may be affected. As a consequence of Missguided’s administration, any employees who have been made redundant can apply to the Insolvency Service’s Redundancy Payments Service to claim for redundancy, unpaid wages, holiday pay and loss of notice pay. To qualify for a redundancy payment, employees must have at least two years’ continuous employment with their former employer. Employees who do not have two years’ continuous employment can still claim for wages, holidays and loss of notice. Further information regarding how to submit a claim will be provided by the joint administrators.

Reticulating Splines