THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Coast owner accelerates plans to sell business

The parent company of the Coast, Warehouse and Oasis fashion chains has contacted potential buyers about a possible sale of Coast according to reports. Sky News… View Article

FASHION RETAIL NEWS UK

Coast owner accelerates plans to sell business

The parent company of the Coast, Warehouse and Oasis fashion chains has contacted potential buyers about a possible sale of Coast according to reports.

Sky News has reported that Aurora Fashions is accelerating plans to sell the business after being impacted by the collapse of the House of Fraser department store chain where Coast operates a significant number of concessions.

Coast is understood to be facing a multi-million pound bill following Sports Direct’s acquisition of House of Fraser in a pre-pack deal last month.

Pricewaterhouse Coopers are assisting Aurora with the sales process.

A Coast spokesperson told Sky News: “We have been working with PwC on a potential sale on an ongoing basis for the past 18 months, so this is nothing new but merely a continuation of the process.”

Aurora Fashions owner Kaupthing was looking at selling the entire Aurora business last year to Emerisque Brands but the deal did not go through.

 

Subscribe For Retail News