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Coast fashion retailer collapses putting 300 jobs at risk



  Fashion model wearing coastal clothes

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Costa

The female fashion retail Costa has entered administration, putting at risk 300 jobs, as a sign of continued suffering in High Street.

collapse means the immediate closure of its 1

8 stores in the United Kingdom, in locations such as Oxford Street and Westfield in London.

Coast also has five stores in Ireland, two in Dubai and two in Kuwait.

It has numerous concessions in department stores

Aurora is owned by the Icelandic bank Kaupthing, which also owns the Karen Millen. fashion brand.

Karen Millen would purchase the Coast brand and website, according to the Press Association, employing 600 people, leaving the remaining 300 to face an uncertain future.

The coast was hit hard by the collapse of Housedi Fraser, one of the many high-street chains that this year has put a strain on the retail sector.

A statement released by studio directors said that "difficult business conditions" led to the move. [19659005] He added that Michael Denny, Ian Green and Zelf Hussein of PwC had been appointed joint administrators.


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