Coast news and archive

Coast goes into administration, 300 jobs at risk; Karen Millen buys its concessions

Immediately following the appointment of administrators from PwC, women’s fashion retailer Coast saw Karen Millen acquire parts of its business and certain assets which will trade primarily online and in UK concessions. According to the PwC UK website, Coast’s premium occasion wear will now trade under Karen Millen across its various websites,...

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Aurora Fashions reported to speed up Coast’s sale

Aurora Fashions would be reportedly looking for buyers for its Coast label amidst the concerns originated by the fallout of House of Fraser (HoF). According to sources close to the matter cited by Sky News, the owner of womenswear chains Oasis and Warehouse, has begun contacting prospective buyers in the last couple of weeks about a deal to sell...

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Warehouse, Coast and Oasis share gender pay gap data

London - Oasis, Warehouse, and Coast are the latest high street fashion retailers to publicly share their gender pay gap information ahead of the government deadline of April 4. Over at Coast, women’s mean hourly rate was 71 percent lower than their male counterparts - meaning women only earn 29p for every 1 pounds that men earn when comparing...

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Oasis and Coast post rise in sales and EBITDA

For the fiscal year to February 28, 2017, women’s fashion retailer Oasis has reported 2.4 percent increase in sales to 160.1 million pounds (208 million dollars), while its EBITDA jumped 36.8 percent to 11.9 million pounds (15.5 million dollars), reports Retail Gazette. Ecommerce sales, now 21 percent of the total company sales, increased 17.5...

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UPDATE: Oasis, Warehouse & Coast sale cancelled

London - The much-awaited sale of high street womenswear retailers Oasis, Warehouse and Coast has been called off by its owners Icelandic bank Kaupthing after reportedly failing to stir up sufficient buyer interest. Kaupthing is understood to have withdrawn from the sale process after the only remaining bidder was Emerisque Brands, a private...

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Emerisque Brands reportedly eyes up Oasis, Warehouse and Coast

London - High street fashion retailers Oasis, Warehouse, and Coast are reportedly being eyed up by Indian entrepreneur Ajay Khaitan. Khaitan’s private equity firm, Emerisque Brands, is said to be in exclusive talks to take over the three fashion retailers from Icelandic bank Kaupthing for 60 million pounds according to a report from The Sunday...

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Edinburgh Woollen Mill owners sets his sights on Oasis, Coast & Warehouse

London - Philip Day, the owner of Edinburgh Woollen Mill Group (EWM) is said to have set his sight on acquiring womenswear retailers Warehouse, Oasis and Coast as he looks to expand EWM portfolio. Day is thought to be after the three brands held by Icelandic bank Kaupthing, which were officially put up for sale last November, according to The...

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Alteri Investors said to be eyeing up Coast, Warehouse and Oasis

London - A number of private equity groups are said to have shown interested in buying high street fashion brands Coast, Warehouse and Oasis - including Alteri Investors. A potential sale of the three fashion brands, also known as the Aurora Fashion Group, comes not long after news emerged the group had appointed PwC to conduct “strategic review...

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Could Coast, Warehouse and Oasis be up for sale?

London - Administrators for collapsed Icelandic bank Kaupthing are reportedly seeking to sell off British high street retailers Coast, Warehouse and Oasis. The administrators are also said to be exploring options for higher-end market fashion brand Karen Millen. The potential sale of the fashion labels, which currently employ thousands of people...

Fashion

Aurora Dual- branded stores mirror Europe

“Thanks to the Internet, the UK customer is getting more used to the multi-brand spaces, so this seems to be a good moment to see if this can work as it does in the rest of Europe.” Mike Shearwood, Chief Executive of Aurora Fashions, explains to FashionUnited that joint stores are quite common in Continental Europe and that he sees an...