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<p>On 1<sup>st</sup> June 2022 it was announced that Missguided had been bought out
of administration by the Frasers Group. The company will be supervised by the administrators
for a transition period of eight weeks, after which the new owners will take over
responsibility for running the business. The Government has no role in the strategic
direction or management of private retail companies.</p><p> </p><p>No announcement
has yet been made regarding redundancies. However, we recognise that this will be
a worrying time for Missguided’s employees and their families and the Government stands
ready to support those who may be affected. As a consequence of Missguided’s administration,
any employees who have been made redundant can apply to the Insolvency Service’s Redundancy
Payments Service to claim for redundancy, unpaid wages, holiday pay and loss of notice
pay. To qualify for a redundancy payment, employees must have at least two years’
continuous employment with their former employer. Employees who do not have two years’
continuous employment can still claim for wages, holidays and loss of notice. Further
information regarding how to submit a claim will be provided by the joint administrators.</p>
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