It’s the end of an era as Karen Millen has disappeared from UK high streets. New owner Boohoo has now closed all Karen Millen stores after running clearance sales since buying the brand, along with Coast, in August.
Brexit and global trade wars may be restraining the outlook for the consumer economy internationally but fashion marketers in three key European economies are focused on cross-border expansion for next year.
Boohoo’s results statements are always a revelation, if only to see by just how big a margin the group is smashing the market, and its half-year report was no different. The latest six months were yet another triumph.
Boohoo's surprise trading update Thursday offered more insight into how the firm is faring with sales guidance revised sharply upwards, although investment in acquired brands will keep profits growth more muted.
In an unexpected development, Boohoo-controlled fashion label PrettyLittleThing is to show during New York Fashion Week with a major event in the city. Founder Umar Kamani revealed the news on Instagram late on Tuesday.
The Australian arm of Karen Millen, the business that’s now owned by Boohoo, has been placed into administration. The move was widely expected and will mean the closure of all its stores and concessions there.