Nitin Passi
Use attributes for filter ! | |
Gender | Male |
---|---|
Age | 41 |
Date of birth | November 22,1982 |
Zodiac sign | Sagittarius |
Born | Cheshire |
United Kingdom | |
Founded | Missguided |
Education | Newcastle University |
Date of Reg. | |
Date of Upd. | |
ID | 1479974 |
Nitin Passi Life story
Nitin Passi is founder and owner of fashion retailer Missguided. According to The Sunday Times Rich List, he has a net worth of £250 million.
Fast fashion giant Shein buys Missguided brand from Frasers Group
... Missguided was founded in 2009 by Cheshire-born Nitin Passi and grew to become one of the UK s biggest online fashion businesses, focusing on younger women...
Shein in talks to buy Missguided from Mike Ashley's Frasers Group
... Manchester-based Missguided was founded by Nitin Passi in 2009 and grew to become one of the UK s biggest online fashion players...
Missguided shoppers will not get refunds for returns
... " On Tuesday, Frasers boss Michael Murray announced Missguided s founder Nitin Passi would join the group as chief executive of Missguided...
Missguided fashion retailer on verge of collapse
... " The business was founded by Nitin Passi in 2009 and grew to become one of the UK s biggest online fast-fashion players...
Shein in talks to buy Missguided from Mike Ashley's Frasers Group
Mike Ashley 's Frasers Group is in talks to sell its Missguided clothing brand to online fashion giant Shein , The Bbc understands.
Talks about a deal, come only a year after Frasers took over the brand.
Frasers Group bought Missguided for £20m Last Year after the online fashion retailer collapsed into administration.
Shein , which was founded in China in 2008, is a global giant in The World of fast fashion.
Both Frasers Group and Shein have been contacted for comment.
According to Sky, a deal is likely to see Shein buy Missguided's brand and other intellectual property, while the Head Office is retained by Frasers.
Manchester-based Missguided was founded by Nitin Passi in 2009 and grew to become one of the UK's biggest online fashion players.
But after suffering from supply Chain problems, rising freight costs and increasing competition from rivals, it fell into administration in May 2022,
Frasers - which owns the Mike Ashley -founded Sports Direct Chain - has expanded rapidly by buying brands that have fallen into trouble. including Game, Evans Cycles , Jack Wills and Sofa. com.
While Mike Ashley is no longer Frasers' chief executive, he owns a majority stake in The Firm .
Shein - which now has its headquarters in Singapore - Saw sales surge during the Covid pandemic when lockdowns led to a jump in Online Shopping .
It was valued at about $66bn earlier this year, although that was lower than a previous valuation of around $100bn.
There has been speculation that Shein will seek to list its shares in the US.
However, in May over claims that people from China's mostly Muslim Uyghur population were use as forced labour to make some of the clothes it sells.
Human Rights groups and Western governments, including the US and UK, have accused China of committing crimes against humanity against the Uyghurs.
In response, Shein told The Bbc : " We have Zero Tolerance for forced labour.
" Our suppliers must adhere to a strict code of conduct that is aligned to The International Labour Organization's core conventions. "
Related TopicsSource of news: bbc.com