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Karen Millen owner mulls sale
Image credit: Ardfern

Karen Millen owner mulls sale

On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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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.

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