A number of retailers including JD Sports, Asda, Asos, Shein and Frasers Group are all mulling bids for fast fashion etailer Missguided.
Private equity giants are also circling the online retailer with sales documents sent to firms including CVC and Carlyle.
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.
Of course 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.
