Despite the administrators saying there will be no payout, consumers can still get their money back.
You normally have 120 days from when you paid to submit a claim. Under Frasers’ ownership, and with Nitin’s partnership, Missguided has an exciting future ahead.” Secured creditors will be paid back first followed by insolvency practitioners. This means you can ask your bank to reverse a transaction in order to get your money back. This means your card provider is legally obliged to act if you don’t get the goods or services you paid for. When businesses fold, customers are advised to get the details of the administrator or receiver to make a claim to get their money back.
Teneo Financial Advisory, the administrators currently running Missguided, told customers that the brand is unable to honour any refunds that were requested ...
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Customers of collapsed online retailer Missguided have taken to social media to call out the group and its administrators over its handling of refunds which ...
Although Teneo has said refunds will not be issued to Missguided customers, there are a number of steps affected shoppers can take to try and ensure they get their money back. Kevin Mountford, co-founder and savings expert at Raisin UK, said 'Firstly, if you paid via a Buy Now, Pay Later platform, you should continue to pay off any amounts that you owe. For their customers, this could be interpreted as them not prioritising customer loyalty now, or in the future. Another affected customer took to Twitter and said: 'Totally unacceptable that you are not issuing refunds to customers! At the time of writing today, Missguided's website was down for maintenance. Isa rules & T&Cs apply. 'But, it’s incredibly important to note that a chargeback is not a legal requirement and is just a customer service promise where your bank will request the money back from Missguided. 'We've been talking to Missguided customers last week, and we were seeing emails that Teneo was not going to be processing refunds straight away and that customers should email their cases, but the warning was clear that customers are unlikely to receive their refunds. A spokesperson for Begbies Traynor, said: 'This morning’s announcement, from the Administrators of Missguided, will not come as a shock to many but it won’t sit well with the many customers who will no longer receive refunds for their returns.' I have already sent the item back to you so not only do I not have the item I don’t have the refund either.' Missguided shoppers have been told they will not be able to receive refunds after the company fell into the hands of administrators. Missguided shoppers told they will NOT get refunds after the fast-fashion group's collapse - here's what to do if you are affected
Administrators Teneo tells Missguided customers will not be able to honour refunds as part of the insolvency process. | ITV News Granada.
If you paid by debit card ask your bank for "chargeback" within 120 days of the payment - this is where you can ask your bank to reverse a transaction in order to get your money back. If your purchase was more than £100 and you paid on credit card, submit a "Section 75 claim" from your provider or bank - your card provider is legally obliged to act if you don't get the goods or services you paid for. "In this case, you can make a claim in the administration process."
"Never in my life will I order with Missguided again or whatever the new one is called."
@MeganBirks01 wrote: "Looks like I’m not getting a refund off Missguided absolutely disgusting how they are treating their customers." She shared a text from administrators at Teneo which read: "We will not be able to honour any pre-appointment refunds requested and not yet settled. Missguided hired a company called Teneo to run the administration process. Another shopper said: "Can’t believe I sent my items back and now being told I’m not getting a refund. Missguided have pretty much taken the money with no explanation other than an apology for going into admin." Customers have reportedly been told that they will not get refunds worth hundreds of pounds after the firm went into administration.
Shoppers air frustration at UK fast-fashion retailer's failure to honour refunds after falling into insolvency.
She shared a text from the administrators at Teneo, which read: “We will not be able to honour any pre-appointment refunds requested and not yet settled. However, Teneo, which was hired by Missguided to run the administration process, has told existing customers it will not be able to honour refunds as part of the insolvency process. It comes after the Manchester-based company fell into insolvency last month after racking up millions of pounds in outstanding payments to creditors.
Teneo was hired by Missguided to run the administration process but customers on social media say they've now been told their refunds won't be honoured.
It comes a day after Frasers confirmed that it will rehire Missguided founder Nitin Passi to become the company's chief executive once the takeover it completed. "In this case, you can make a claim in the administration process." Teneo declined to comment on the decision not to pay out refunds. Missguided customer Emma Devlin, 30, a teacher from Teesside, told The Mirror she is waiting for a refund for £160 worth of clothes. Are you a Missguided customer waiting on a refund? Mike Ashley's Frasers Group has agreed to buy Missguided in a deal worth around £20million but the sale is not expected to complete until August.
The brands administrator has confirmed it is not in a position to honour any refunds.
If you have paid by debit card, cheques or transfers, then you may be eligible for the Chargeback scheme as an alternative. This claim means that the card firm's equally liable if something goes wrong, so you may be able to claim your money back from it. "I have just emailed and been told that you won't refund me despite not even shipping the order in the first place.