Editor
British sporting goods billionaire Mike Ashley swooped on another failing retailer, snapping up online brand Missguided after it entered UK insolvency proceedings.
Ashley’s Frasers Group Plc agreed to pay £20 million ($25 million) for the intellectual property of Missguided and related companies, according to a statement Wednesday.
Missguided was founded in 2009 and sells clothes online to young women, targeting them via its 9.2 million…
