Boohoo buys Karen Millen and Coast in pre-pack administration

7th August 2019.

Boohoo.com has bought the online business and intellectual property of Karen Millen and Coast in a £18.2m pre-pack administration, with more than 200 stores set to close.

Administrators at Deloitte said stores would only stay open for “a short time” while stock was sold off. Rob Harding, joint administrator at Deloitte, said Karen Millen had tried and failed to find a buyer for the whole business, adding that the Boohoo deal will enable “the survival of these iconic British brands through an online platform”.

He added that “the retail trading environment in the UK remains extremely challenging”.