// Retailers including JD Sports, Asda, Asos, Shein and Frasers Group are all considering to make a bid for Missguided
// The online retailer hired advisers Teneo to explore strategic options for the business last month
A throng of retailers including JD Sports, Asda, Asos, Shein and Frasers Group are all mulling bids for fast fashion etailer Missguided.
Private equity giants are circling the online retailer with sales documents sent to firms including CVC and Carlyle, according to the Daily Mail.
READ MORE: Missguided founder exits as it hires Teneo to explore strategic options
Last year investor Alteri stepped in to rescue Missguided after it was hit by supply chain disruption and difficult trading post-Covid. Alteri invested £53 million for a 50% stake in the business.
Online retailers performed well during the height of the pandemic as physical retailers were forced to close their doors as shoppers stayed home.
But the reopening of stores including Primark, H&M and New Look is understood to have hit sales at Missguided.
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