Shein buys Frasers Group's Missguided - Prolific North
Shein has acquired brand IP while Frasers will keep Missguided’s real estate and staff.
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Shein has acquired brand IP while Frasers will keep Missguided’s real estate and staff.
Frasers has offloaded Missguided and its intellectual property to Chinese fast fashion giant Shein a year after it bought the online retailer
The Singapore-based business 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.
Shein has purchased Missguided from Frasers, and will license the IP to a new joint venture company part-owned by Missguided’s founder, Nitin Passi.
Shein has acquired British fast fashion brand Missguided as the e-commerce giant looks to expand its marketplace model and deepen its global reach.