If media reports are anything to go by, UK-based multi-channel clothing retailer Missguided is eyeing the sale of company’s stake.
The fashion retailer has appointed investment firm Rothschild to explore probable investors. The intent is to expand the business across the globe.
Reportedly, the initiative, driven by Missguided’s founder and owner Nitin Passi, could raise as much as £100 million.
Corroborating further on the same, Nitin said that the fundraising may be a stepping stone to a bigger stake sale or a stock market flotation.
He added that Missguided wants to put money into the business and help it grow more aggressively – thereby help serve the customers better.
A company spokesperson said that Missguided has always believed that it has attractive opportunities to grow its market share globally.
Missguided, which was one of the few fashion retailers to have done well during the pandemic mainly due to its successful online strategy, has expanded into the US, Australia, Germany and France in last decade.
