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06 Aug 2019 | 08:49

Boohoo group confirms offer for Karen Millen and Coast brands

Boohoo group confirmed media speculation that it had made an offer to acquire the online business Karen Millen and Coast. 'The Board confirms that it has made an offer to acquire the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights,' the company said. 'The Group believed that the online business of these brands would represent highly complementary additions to its scalable multi-brand platform and extend the Group's offer as part of its vision to lead the fashion e-commerce market globally,' it added. The discussions may or may not result in agreement of a transaction, the company said. A further announcement would be made when appropriate.

At 8:49am: (LON:BOO) Plc share price was +8.05p at 238.15p

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