Karen Millen’s parent company Kaupthing has launched an auction for the fashion chain, with formal talks with bidders to kick off in the coming days.
The sales process for the fashion retailer is being led by Deloitte and comes after several weeks of deliberations by the retailer’s executive team, Sky News reports.
The retailer’s owner, Icelandic bank Kaupthing, has kicked off the auction process after received several unsolicited offers for Karen Millen earlier in the month.
It is understood that Karen Millen stablemates Oasis and Warehouse are not part of the new sale process.
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