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karen millen news and archive

Management

Boohoo publishes another quarter of strong results

Boohoo Group plc reported strong revenue growth of 44 percent across all key geographic regions to 473.7 million pounds (614.8 million dollars) for the four months ended 31 December 2019. The company said in a statement that gross margin for the four months was 53.5 percent, down 70 bps. Boohoo revenue of 232.6 million pounds (301.8 million...

Jan 14, 2020

Report

Boohoo confirms record Black Friday sales

Online fashion company Boohoo Group Plc has confirmed that since its half year end, trading has remained strong across its key brands with a record performance across the Black Friday weekend. The company said in a statement: “Our new brands, Karen Millen, Coast, and MissPap, have been successfully integrated onto our platform. Initial ranges...

Dec 3, 2019

Report

Karen Millen and Coast close all stores

Karen Millen and Coast have reportedly closed all their stores and concessions after being bought by online fashion retailer Boohoo in August. Administrators from Deloitte confirmed to Drapers that a total of 32 Karen Millen and Coast stores in the UK shut on 29 September, while all their 117 UK concessions closed the following day. Last month,...

Oct 2, 2019

Report

Karen Millen Australia enters administration, 7 stores to close

The Australian arm of Karen Millen has fallen into administration, a month after its British parent company announced an administration filing. Deloitte partners Richard Hughes, Tim Norman and Michael Billingsley have been appointed Joint and Several Administrators. Deloitte Australia is now conducting a wind down of the company’s seven...

Sep 5, 2019

Report

Boohoo raises full year revenue forecast

Boohoo Group plc has announced that trading for the first half of its financial year has been ahead of expectations with strong revenue growth driving operating leverage across key brands. The company’s board now anticipates that results for the current financial year will be ahead of previous guidance, with group sales growth now expected to be...

Sep 5, 2019

Report

Karen Millen Dutch arm files for bankruptcy

The Dutch division of British fashion brand Karen Millen has declared bankruptcy, curator Jos Borsboom confirmed to Dutch news site RTL Z. The bankruptcy was the result of problems at the British parent company, according to Borsboom, who added that the chance of the Dutch arm restarting was not great, because "the purchase and production of...

Aug 27, 2019

Report

Karen Millen CEO exits following Boohoo acquisition

The CEO of Karen Millen and Coast, Beth Butterwick, has reportedly left her roleafter the two brands were acquiredearlier this month by online fashion retailer Boohoo. All pattern cutting roles at the brands have reportedly also been placed into consultancy, with those affected offered redeployment opportunities at Boohoo's Manchester...

Aug 22, 2019

Management ANALYSIS

Boohoo’s acquisition of Karen Miller and Coast might unleash more deals in the industry

New York –British online fashion retailer Boohoo plc. announced earlier this week it had made an offer to buy “the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights.” Boohoo has bought the online business and all associated intellectual property rights of both businesses,...

Aug 8, 2019

Management

Boohoo completes purchase of Karen Millen and Coast

After confirming its interest in acquiring Karen Millen and Coast, online fashion retailer Boohoo Group plc has announced that it has completed an asset purchase agreement for both these British brands. The company said that the group has acquired the online business and all associated intellectual property rights from the administrators of...

Aug 6, 2019

Report

Boohoo may take over Karen Millen and Coast

Online fashion retailer Boohoo Group plc has confirmed its interest in struggling fashion businesses Karen Millen and Coast. Boohoo said in a statement that it has made an offer to acquire the online business of British brands Karen Millen and Coast, together with all associated intellectual property rights. “The group believes that the online...

Aug 6, 2019

Report

Karen Millen appoints external advisers to explore viability options

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...

Jun 3, 2019

Fashion

Recap: the biggest fashion controversies of 2018

Some people say any publicity is good publicity. These fashion companies probably hope that is true, considering they made headlines in 2018 for what many would deem the wrong reasons. Without further ado, here are the biggest controversies to have shaken the fashion world this year. Size matters In January, Victoria Beckham’s namesake label was...

Dec 20, 2018