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Karen Millen suppliers face further losses


“[Boohoo] are acting without consideration for what suppliers have suffered with Coast. We lost £100,000.” .... I cannot believe the naive reaction we have in this industry, Coast fell into administration twice, that’s certainly not boohoo’s fault it’s the responsibility of owners and strategy, do we expect boohoo to pickup the tab for the losses suffered before they had anything to do with the business? Coast and KM both failed for a reason.... to carry on with more of the same will end with the same result. Boohoo bought the intellectual property... it did not buy all previous losses or anything agreed prior to administration.... they have no responsibility for orders placed before. Every time a business goes bust in our industry suppliers seem upset when a buyer for the business does not carry on with the same, paying all invoices and losses incurred before any involvement. It really is unbelievable!

Posted date

21 September 2019

Posted time

12:14 pm