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Frasers Group

Missguided is a digital fast fashion retailer that went into administration on Tuesday (31 May) (image: AFP/Getty Images)

Why Missguided collapsed - what Frasers Group has changed its name to

Clothes lovers who have shopped with collapsed fast fashion retailer Missguided will not receive refunds for items they have returned, administrators of the business have confirmed, as the firm’s CEO Nitin Passi is reinstated.

Missguided refunds: what is firm’s returns policy after administration

Mike Ashley owns a range of businesses - from sportswear to furniture

Mike Ashley: the Frasers Group CEO and the companies he owns explained

Mike Ashley previously bought House of Fraser out of administration in 2018 (image: PA)

Mike Ashley’s Frasers Group buys Studio Retail out of administration