kaupthing news and archive

Karen Millen appoints external advisers to explore viability options

New York – Kaupthing, the Islandic bank that owns British womenswear label Karen Millen, would be exploring options to sell the fashion brand after receiving some unsolicited offers. The bank, known as the first one to collapse in the 2008 crisis, is reviewing options after unsolicited offers, Sky News reported. Sources close to the matter point...

Business |UPDATE

UPDATE: Oasis, Warehouse & Coast sale cancelled

London - The much-awaited sale of high street womenswear retailers Oasis, Warehouse and Coast has been called off by its owners Icelandic bank Kaupthing after reportedly failing to stir up sufficient buyer interest. Kaupthing is understood to have withdrawn from the sale process after the only remaining bidder was Emerisque Brands, a private...

Business

Emerisque Brands reportedly eyes up Oasis, Warehouse and Coast

London - High street fashion retailers Oasis, Warehouse, and Coast are reportedly being eyed up by Indian entrepreneur Ajay Khaitan. Khaitan’s private equity firm, Emerisque Brands, is said to be in exclusive talks to take over the three fashion retailers from Icelandic bank Kaupthing for 60 million pounds according to a report from The Sunday...

Business

Could Coast, Warehouse and Oasis be up for sale?

London - Administrators for collapsed Icelandic bank Kaupthing are reportedly seeking to sell off British high street retailers Coast, Warehouse and Oasis. The administrators are also said to be exploring options for higher-end market fashion brand Karen Millen. The potential sale of the fashion labels, which currently employ thousands of people...