Karen Millen owner mulls sale
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Icelandic bank Kaupthing, which owns fashion retailer Karen Millen, has reportedly drawn in Deloitte to explore the sale of the company.
According to Sky News, Kaupthing is reviewing its options for the retailers and sources said a sale of the company could take months to complete.
It is not yet known if the company would be valued if it were to be put up for sale, but it is thought that Coast – the fashion retailer acquired out of administration by Karen Millen in October – would be included in the process.
Sources told Sky News that the consideration of the sale was prompted by “unsolicited expressions of interest”.
Karen Millen employs around 1,700 staff globally and has 57 shops and a number of concessions in the UK.
