Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Cocosa to close down

Luxury off-price site Cocosa is being closed down by owner Mohamed Al-Fayed.

The flash Sale site, which was acquired by the Al Fayed group in July 2011 from the Bauer Media Group, will be shut down in an “orderly way” in the coming months.

A statement released by the company said: “Cocosa made significant progress in its sector and built a reputation for quality products and customer service in the luxury fashion off-price flash sales market. Despite this progress, the costs of continuing to build the brand to market leadership were deemed too high to merit material further investment.”

The owners also stated the company is not being placed into administration and the Al Fayed Group is “fully committed” to funding the wind down of the business.  The 45 members of staff have been informed that commitments to them, to customers, suppliers and other stakeholders will be honoured in full.

Launched in 2008, the site offers designer fashion and homewares at a fraction of their original retail price. Brands currently listed on the site include Diane Von Furstenberg and Nicole Farhi.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.