Boohoo clinches £18.2m acquisition of Karen Millen and Coast
Manchester-based online retail group boohoo has completed an asset purchase agreement for renowned British brands Karen Millen and Coast.
The brands were recently put up for sale by Icelandic bank, Kaupthing.
The group has acquired the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen Retail Limited, both of which entered into administration on August 6, for £18.2m, funded by the group's existing cash resources.
Founded by Karen Millen an... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...