Aurora Fashions’ international director for Karen Millen, Sanjay Sharma, is leaving the fashion group to head up a new venture for property group Land Securities, which aims to help international retailers open stores in the UK.
Details of the new venture are unclear but Land Securities is understood to be investing up to £5 million to create a new “House of Brands” company which will help overseas businesses to launch in Land Securities’ UK shopping centres. Sharma will leave Aurora Fashions in September, but the company said it planned to replace him. Karen Millen’s overseas shops are one of the best-performing parts of its business.
Separately, Aurora Fashions was dealt a second blow last week after its application to renew its operating licence for its fleet of delivery trucks based at Witney in Oxfordshire was referred to the Vehicle and Operator Services Agency (VOSA), following “several objections” from third parties.
Aurora denied the loss of its license had impacted trade or prevented delivery of goods. Deputy chief executive Mike Shearwood said: “We are now using third-party distribution until this is resolved.”
VOSA will investigate the objections over the coming days.
Land Securities declined to comment on Sharma’s appointment.