Boohoo swoops on Karen Millen and Coast but jobs axed

Coast

Online fashion giant Boohoo has bought the Karen Millen and Coast brands for £18.2m.

Boohoo will trade the brands online but the future of the stores looks bleak and there have been an immediate 62 redundancies at the acquired businesses.

Earlier today, Deloitte was appointed as administrator to Karen Millen Fashions Ltd, Karen Millen Retail Ltd and “certain other group entities” in order to push through a sale, and said the deal followed a competitive process.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.