// Karen Millen & Coast 32 UK stores shut down
// The retailers’ 117 UK concessions closed yesterday
All Karen Millen and Coast stores and concessions have shut down.
Administrators from Deloitte confirmed that Karen Millen and Coast’s total of 32 stores in the UK shut down on September 29, Drapers reported.
The retailers’ 117 UK concessions closed for the final time yesterday, the administrators at Deloitte confirmed.
Meanwhile, fast fashion retailer Boohoo, which acquired Karen Millen and Coast’s online business and IP rights as part of an £18.2 million pre-pack administration deal in early August, has said it will relaunch Karen Millen and Coast as online-only retailers from October 1.
The pre-pack deal resulted in 62 immediate job cuts, while all other staff members in Karen Millen and Coast’s 1100-strong workforce were put at risk of redundancies.
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Will there be any shops left in the future?
Only if people start using them again towns are loosing the heart of there towns generations will never grow up talking about going to town on Saturday afternoon it’s sad on line businesses need to pay the rent and charges so shops have a chance of surviving
This is the effect of laziness in the future the human race will face extension everything will be online
So basically Karen Millen and Coast dresses will simply be rebranded Boohoo dresses?