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UK's Missguided on brink of collapse

UK fast fashion retailer Missguided is on the brink of collapse after being issued with a winding-up petition by creditors. The company, which employs roughly 330 people, is expected to bring in administrators as soon as Monday.

It has struggled with supply chain issues, rising freight prices, and increased competition from competitors such as Boohoo and Shein in China.

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