The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
300 jobs Number of planned job losses
Announcement Date
11 October 2018
Employment effect (start)
Foreseen end date
Description
Women's fashion retailer Coast has entered administration which has resulted in the immediate closure of its 24 outlets. Karen Millen has bought some parts of the business meaning that its concession stalls in department stores and its website will continue to operate. Approximately 600 staff will transfer to Karen Millen with the remaining 300 staff facing redundancy. A number of Coast concessions operated in House of Fraser stores and the business was thought to have been owed money following that chain's collapse.
Sources
Citation
Eurofound (2018), Coast, Bankruptcy in United Kingdom, factsheet number 95811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95811.
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