Karen Millen owner to kick off takeover talks with bidders

Karen Millen crop

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.

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:

  • Two free article views per calendar 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.