Luxury off-price site Cocosa has ceased trading and will not accept any returns from the end of this week.
It was announced in October that the website, which is owned by Mohamed Al-Fayed, was to be closed down, but the site has now officially stopped trading.
It is understood that at least two companies were bidding to take the business on, but no deal has been secured.
A message sent to customers today said the etailer would not be accepting or processing any returns received after February 28. It added: “As we have said before, we do hope to return one day in the future, until then we wish you all the very best.”
The flash Sale site, which launched in 2008, was acquired by the Al Fayed group in July 2011 from the Bauer Media Group.
When the business’ closure was announced 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.”