News & Updates

Boohoo buys Karen Millen and Coast

Economy

Boohoo.com has bought the online business and intellectual property of Karen Millen and Coast in a £18.2m pre-pack administration deal. An initial 62 job losses have been announced, while over 1,000 more are in danger across 32 UK stores and 177 concessions. Administrators said stores would only stay open for “a short time” while stock was sold off, noting that Karen Millen had tried and failed to find a buyer for the whole business.

 

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