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Who owns the high street: Kaupthing

Includes Oasis, Warehouse, Karen Millen and Coast

Icelandic bank Kaupthing bought womenswear chains Oasis, Warehouse, Karen Millen and Coast in 2009 from previous owner Mosaic Fashions, which went into administration after backer Baugur collapsed. 

In November 2016, Drapers revealed Kaupthing-owned holding company Aurora Fashions had appointed PwC to explore options to sell Coast, Oasis and Warehouse. Karen Millen, which was spun off from Aurora in 2011 but is still owned by Kaupthing, was not part of the sale.

Despite rumoured interest from turnaround funds and entrepreneur Ajay Khaitan, the sale was withdrawn in October, when Kaupthing chief executive Paul Copley said the market “does not currently recognise the value we see in the businesses”. 

For now, at least, Kaupthing still has a big stake in the UK high street. It has also previously owned AllSaints.



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