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

Exclusive: Redundancies at Karen Millen

Karen Millen has announced redundancies today at its head office, in a bid to cut costs ahead of a potential sale of the business, Drapers understands. 

It is understood that redundancies have been made across the Karen Millen and Coast buying and merchandising teams.

It is unclear how many roles have been affected. 

The restructuring follows the departure of global buying and merchandising director, Richard Grainger, in April. 

The premium womenswear retailer appointed consultancy firm Deloitte in June to consider options for the business, including a potential sale.

Boohoo today confirmed that it has made an offer for Karen Millen and Coast’s online business and IP rights. Drapers understands that several other interested parties are negotiating with Deloitte. 

The premium womenswear retailer put at least 100 head office roles into consultation in October last year after buying former sister brand Coast through a pre-pack administration. 

Under a turnaround strategy led by chief executive Beth Butterwick, Karen Millen reduced its operating losses by 85% to £1.4m in the year to February 2018

Karen Millen has been contacted for comment. 

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.