THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
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.

FASHION

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.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process