×
63
Fashion Jobs
H&M
SEO Specialist Global Media Team - h&m Marketing & Communication
Permanent · Stockholm
H&M
Product Compliance Specialist Within Physical Properties
Permanent · Stockholm
H&M
Product Labelling Specialist, Global Product Compliance Department
Permanent · Stockholm
H&M
Business Controller to Assortment
Permanent · Stockholm
H&M
Product Compliance Coordinator For Cosmetic And Chemical External Branded Products
Permanent · Stockholm
H&M
Buying Student Placement Fall 2020
Permanent · Stockholm
H&M
Art Buyer | h&m Studios
Permanent · Stockholm
H&M
HR Specialist h&m - Health And Work Environment
Permanent · Eskilstuna
H&M
HR Generalist h&m
Permanent · Eskilstuna
H&M
Fashion or Print Design Internship 2020 – 21 (For 2020 Graduates Only)
Internship · Stockholm
H&M
Content Responsible h&m Backstage For h&m Marketing & Communications
Internship · Stockholm
HOLLISTER CO
Retail Manager (Manager in Training) - Hollister Emporia - Full Time
Permanent · MALMÖ
H&M
Integration Solution Lead
Permanent · STOCKHOLM
H&M
Customer Service Agent - Finnish
Permanent · Borås
H&M
External Brand Coordinator
Permanent · Stockholm
H&M
External Brand Expansion Coordinator
Permanent · Stockholm
H&M
Print Design Assistant - h&m Home
Permanent · Stockholm
H&M
Product Designer - h&m Home - 6 Months Fixed Term Contract With The Possibility of Prolongation - From February 2020
Fixed-term · Stockholm
H&M
Cafémedarbetare
Permanent · Stockholm
H&M
Facility Manager Sweden
Permanent · Stockholm
H&M
Creative Lead, h&m Marketing & Communication
Permanent · Stockholm
H&M
Area Controller Trainee to h&m in Stockholm
Internship · Stockholm

Karen Millen owner launches auction - report

Published
today Jun 27, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Karen Millen’s owner should soon confirm rumours that the company (which also owns the Coast brand) is up for sale with the fashion retailer’s Iceland-based parent reportedly set to speak to bidders in the next few days.


Karen Millen


 
That’s according to Sky News, which said owner Kaupthing, the Icelandic bank, has appointed Deloitte to conduct the auction after “several weeks of deliberations by the board”. It also said it’s unclear “whether the emphasis would be on a solvent sale” with the retailer and its advisers not commenting.

Karen Millen is a major player in the UK fashion market but also has a strong presence abroad and is in around 50 markets in Europe, North America and Australasia. It has only 58 directly-operated standalone stores, as well as 164 franchised locations, but also has a large number of department store concessions. It has around 1,700 staff in total.

The company’s most recent annual turnover figure that’s available is for the 2017/18 financial year and showed it with turnover of £162 million, up from £158.8 million a year earlier. But it was lossmaking, although its loss for the year narrowed to £1.4 million.

The company bought the Coast brand out of administration last year and closed most of its stores.

Kaupthing was one of the banks that collapsed during the financial crisis of a decade ago and its assets also include Oasis and Warehouse owner Aurora Fashions, although that's not part of the sale.

Copyright © 2019 FashionNetwork.com All rights reserved.