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Fashion retailer Boohoo seals deal for Karen Millen and Coast brands

Fashion retailer Boohoo seals deal for Karen Millen and Coast brands
FILE PHOTO: A shopper walks pass advertising billboards for Boohoo and for 'Pretty Little Things', a Boohoo brand, at Canary Wharf DLR station in central London, Britain, September 17, 2018. REUTERS/James Akena/File Photo -
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James Akena(Reuters)
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(Reuters) – British online fashion firm Boohoo Group Plc <BOOH.L> said on Tuesday it had bought women’s fashion retailers Karen Millen and Coast from administrators for 18.2 million pounds in cash.

Boohoo said it had bought the online business and all associated intellectual property rights of the two brands after they went into administration, in line with the details of a bid announced earlier in the day.

(Reporting by Pushkala Aripaka in Bengaluru; editing by Patrick Graham)

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