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However the popularity of the brand waned during the outbreak of pandemics, when budgets of households were squeezed and demand for fast-fashion fell.<br><br>Mike Ashley's Frasers Group bought the firm in December. They control House of Fraser and Sports Direct. The new owner intends to keep the Missguided brand and continue to operate it as a distinct brand. The change comes at a time when the fashion industry is struggling with a slowdown of sales, higher costs for energy and a shift towards sustainability and ethical clothing.<br><br>The company claims to be a clothing brand that is ethical however, doesn't have a strong animal testing policy. It also has no commitment to pay living wages. It also has a poor track record in terms of rights of workers. There is no transparency on the working conditions of its suppliers or exploitation against female workers. 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