August 06, 2019
Retailer buys online businesses but 32 standalone and 177 concession stores to close
Boohoo moves for Karen Millen and Coast but 1,100 jobs at risk
More than 200 UK outlets of Karen Millen and Coast are to close, putting up to 1,100 jobs at risk, after the fashion brands’ online business was bought out of administration by internet retailer Boohoo for £18m.
Administrators at Deloitte said 62 head office staff had been made redundant with immediate effect and stores would only stay open for “a short time” while stock was sold off.
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