Karen Millen
Karen Millen is a brand used by online women's clothing retailer
Company founding and growth
English fashion designer Karen Millen studied fashion at the Medway College of Design, now known as
]The company continued to expand throughout the 1990s, opening dozens of retail stores. In June 2004 the founder sold the business to Mosaic Fashions, a company from Iceland, had no further involvement in the Karen Millen company and under the terms of the sale was not permitted to use her name for other ventures.
After departure of the founder
In 2009, Mosaic Fashions ceased trading and the brand transferred to Aurora Fashions. The Karen Millen brand was spun-out from Aurora Fashions in 2011, remaining under the ownership of Aurora's owner, Kaupthing Bank.[3][4][5]
In 2016 the Karen Millen company had 84 standalone stores and 46 concessions in the
The Karen Millen business acquired the assets of its sister company, Coast, out of administration in October 2018.[7] In August 2019, the two companies' online businesses were bought out of administration by internet retailer Boohoo for £18 million. Only the online employees were taken on by Boohoo and the standalone retail stores eventually closed.[8]
References
- ^ "UCA | University for the Creative Arts". Archived from the original on December 2, 2010.
- ^ About Karen Millen - Womens Designer Clothes - Karen Millen
- ^ Ruddick, Graham (3 January 2015). "Aurora moves closer to break-up as Karen Millen boss departs". The Telegraph. Retrieved 5 September 2015.
- ^ Taylor, Charlie (15 January 2016). "Mixed trading conditions for Aurora Fashions". The Irish Times. Retrieved 8 March 2016.
- ^ Roberts, Lauretta (17 August 2016). "Karen Millen founder loses battle for right to use her name". The Industry. Retrieved 22 October 2016.
- ^ Baugur Group | Details | Karen Millen
- ^ "Karen Millen Buys Coast Assets as Fashion Chain Goes out of Business". Business Of Fashion. 11 October 2018. Retrieved 19 May 2020.
- ^ Naomi Rovnick; Jonathan Eley; Nic Fildes (6 August 2019). "Boohoo snaps up Karen Millen and Coast in £18.2m pre-pack deal". Financial Times. Retrieved 16 April 2021.