August 6, 2019 / 1:29 PM / 11 days ago

Fashion retailer Boohoo seals deal for Karen Millen and Coast brands

FILE PHOTO: A shopper walks pass advertising billboards for Boohoo and for 'Pretty Little Things', a Boohoo brand, at Canary Wharf DLR station in central London, Britain, September 17, 2018. REUTERS/James Akena/File Photo

(Reuters) - British online fashion firm Boohoo Group Plc (BOOH.L) said on Tuesday it had bought women’s fashion retailers Karen Millen and Coast from administrators for 18.2 million pounds ($22.14 million) in cash.

Boohoo said it had bought the online business and all associated intellectual property rights of the two brands after they went into administration, in line with the details of a bid announced earlier in the day.

Reporting by Pushkala Aripaka in Bengaluru; editing by Patrick Graham

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below