Nicole Scherzinger helps Missguided deliver £5.5m in profits

Young fashion retailer Missguided has reported strong full-year results, thanks in part to a collaboration with pop singer Nicole Scherzinger.

Nicole Scherzinger: collaboration with Missguided has helped raise the company's profile
Nicole Scherzinger: collaboration with Missguided has helped raise the company's profile

The retailer, based in Manchester, said sales surged 70% to £86m in the year to March 31, with pre-tax profits increasing from £900,000 to £5.5m.

The success was partly down to its collaboration with Scherzinger, who has worked with the brand to create two ranges, which have included dresses, mini skirts and bandeau tops.

Missguided, which has ruled out floating on the stock exchange, also revealed that it would be selling its clothes through retail outlets in the US after striking a deal with department store chain Nordstrom. 

Nitin Passi, the founder, said: "Our huge growth over the past six years indicates that our strategy, rooted in speed, agility and value for consumers, is working.

"Our strategy to date has proven a huge success and we will look to continue to implement and evolve this going forward.

"We have been able to expand the brand appeal this year through new product collections, and we want to continue to innovate and offer more choice for consumers."

Cannes Offer: 12 weeks' online access from just £12

Subscribe to Campaign before the end of Cannes Lions and save up to 71%


Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Job description: Digital marketing executive

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

Just published