Karen Millen appoints external advisers to explore viability options
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New York – Kaupthing, the Islandic bank that owns British womenswear label Karen Millen, would be exploring options to sell the fashion brand after receiving some unsolicited offers.
The bank, known as the first one to collapse in the 2008 crisis, is reviewing options after unsolicited offers, Sky News reported.
Sources close to the matter point out that Kaupthing has appointed accountancy firm Deloitte to run the process.
Same sources added the review and any potential sale process were likely to take several months to conclude.
The value that might be attributed to the business in a solvent transaction was unclear this weekend, highlighted British news media.
The headline of this article has been changed from the orginal to reflect the current situation at the company more accurately.