Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps the Government is taking to help support (a) suppliers and (b) small businesses affected by the clothing retailer Missguided's fall into administration.
On 1st 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.
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.