Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Redundancies loom at Missguided

Missguided has reportedly launched a redundancies programme to make the business “leaner”.

Around 100 jobs at the retailer are under review, The Mail on Sunday reports, and around 50 job cuts expected.

The newspaper indicates that documents signed by founder Nitin Passi and sent to senior Missguided staff, said: “The tough market has led to sales growth that’s lower than we need it to be and our investments in margin and other costs means that missing our annual profit target is inevitable.”

Passi told the paper: ”The business has doubled its number of employees in two years and as a result some teams are less lean then they need to be.

”This is a horrible process but it is something that we have to face into. We have to put investment into the right areas. The business has been massively focused on growth but we do need to make sure we have sustainable growth.”

Missguided employs 800 people.

Drapers has contacted Missguided for comment.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.