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Coast owner to accelerate sale

The owner of Coast, Warehouse and Oasis, has accelerated plans to find a new buyer for the fashion chains in the wake of the collapse of House of Fraser, Sky News has reported.

The channel said Aurora Fashions has been contacting prospective buyers over the past two weeks.

A previous sale of the high street womenswear brands was called off in October last year after the only remaining bidder was Emerisque Brands, a private equity firm founded by entrepreneur Ajay Khaitan.

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