From Bedroom Launch to Who Owns Missguided Now and the Wild Ride That Got It There

The Founder Story: Nitin Passi’s Vision Founded in 2009 in Manchester, England, by Nitin Passi, Missguided was launched with just a £50,000 loan from his father.

Passi, who had a background in his family’s wholesale fashion business, saw an opportunity to build a fast-fashion brand that could outpace physical retailers by responding to social trends in real time.

The brand grew rapidly thanks to savvy influencer partnerships, A-list celebrity campaigns, and a digital-only model that let Missguided drop new products at breakneck speed.

Key Timeline Year Event 2009 Missguided founded in Manchester by Nitin Passi 2015 US launch; first Selfridges concession and Nordstrom partnership 2017 Enters menswear with Mennace; opens new retail locations 2018 Reaches £200 million annual turnover, but faces first major losses 2021 Sells 50% stake to Alteri Investors as losses deepen 2022 Collapses under debt; enters administration in May; acquired by Frasers Group in June for £20 million 2023 Rebrands, CEO change, and on October 30 Frasers Group sells “Missguided” branding and IP to Shein Who Owns Missguided Now?…