Warehouse, Oasis and Coast put up for sale by owners


Neil Craven, Financial Mail on Sunday

High street fashion chains Warehouse, Oasis and Coast are being eyed by a number of private equity groups after their Icelandic owners put the brands up for sale.

The retail outlets – known as Aurora Fashion Group – have been put under ‘strategic review’ with sources suggesting a price tag of as much as £100 million.

The chains were once owned by Icelandic retail group Baugur, which collapsed – along with its bank Kaupthing – in the financial crisis of 2009. The British brands ended up in the hands of the bank’s administrators.

On the table: The sale would include the high street chain Oasis

The chains are being sized up by a number of private equity firms, including turnaround group Alteri, according to several…


Read the full article from the Source…

Back to Top