DWF advises Missguided on investment

DWF, the global provider of integrated legal and business services, has advised online fashion retailer Missguided on investment from retail investor, Alteri.

Missguided is an online ‘fast fashion’ retailer headquartered in Manchester. Missguided reportedly sought investment after running into financial issues in October due to an increase in supply chain and delivery costs.

Alteri has reportedly acquired a 50 per cent share of the retailer and will take on Missguided’s existing debts.

The business said Alteri’s investment will provide the liquidity and support Missguided need to overcome short-term supply chain challenges, as well as a platform to return the business to sustainable profitability.

Alasdair Outhwaite, corporate partner at DWF led the multi-disciplined deal team, supported by colleagues in the corporate, banking/restructuring, competition and tax teams.  

Outhwaite said: “Missguided is a well-known global fashion brand in major markets including the UK and US, and we are delighted to have supported CEO Nitin Passi and CFO Roy Ellis in securing this new investment from Alteri which will help the business achieve its considerable potential."