Shein, the Chinese-founded fast-fashion giant, has made its first acquisition in the UK, buying women’s clothing brand Missguided for an undisclosed amount.
The company 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. The deal will see Singapore-headquartered Shein buy Missguided’s intellectual property and trademarks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: