Cheap Karen Millen Outlet UK
 Owner of Oasis, Principles and Karen Millen goes into administration Born and bred in England, Karen Millen is known globally for creating beautifully crafted fashion for confident women who know their own style.

Each piece of their collection has been individually designed, hand-crafted and perfected by the designers in their in-house atelier to deliver their signature quality and attention to detail. From couture-inspired techniques to luxurious heritage fabrics, every KM garment has a story to tell.Under the creative direction of their CCO, Gemma Metheringham, the range has become a curated collection of perfectly cut trend-led and investment pieces offering an elevated, tailored approach to cheap karen millen outlet fashion. Truly international, Karen Millen has stores in over 65 countries across six continents including flagship stores in London¡¯s Knightsbridge and New York¡¯s Fifth Avenue.s.

The company behind High Street fashion brands Oasis, Warehouse, Karen Millen OUTLET and Principles has been put into administration.There are fears the move will lead to store closures and job losses, despite most of the company being immediately bought by a management-led consortium.The failure of Mosaic Fashions, which occurred after months of karen millen outlet uk speculation, was triggered by the meltdown in the Icelandic banking system.It was unable to continue trading after the collapse of the Icelandic investment firm, Baugur, which owned 49 per cent of the company, founded in 2004.

The management consortium, financed by the Icelandic bank Kaupthing, will take over most of the Mosaic business under the name of Aurora Fashions.It will run Warehouse, Oasis, Coast, Karen Millen and Anoushka G, which together account for 268 stores, 647 department store cheap karen millen concessions and 8,700 staff.However, it has not taken on the Principles 400-outlet fashion chain, which employs 2,300 staff, or the Shoe Studio, responsible for brands such as Pied a Terre, Kenneth Cole, Bertie and Nine West.This subsidiary employs 1,870 staff and trades from 13 single stores and 270 concessions.

'The Group had previously engaged advisers to sell these entities and we are already in discussions with various parties interested in purchasing the assets.'Debenhams is understood to have tabled an offer for Principles, which already operates concessions in the department-store chain.It will face competition from Peter Davies, a former director of Rubicon, the karen millen outlet fashion retailer.However, any new owner may decide to close some 90 Principles stores and only operate through department store concessions.

Mosaic Fashions was founded in 2004 by Baugur, headed by controversial Icelandic entrepreneur, Jon AsgeirJohannesson, and the owners of the Karen Millen fashion label -Cheap Karen Millen and her then husband, Kevin Stanford.Baugur's demise also has implications for a host of other High Street brands where it owns a significant stake.These include Hamleys, House of Fraser, the Iceland food chain, and Aurum, which owns a host of Mappin & Webb and other jewellery shops.


Herve Leger Outlet & Cheap Herve Leger

Kren Millen UK All Material Copyright Jeff Rense ©1997-2015, Unless Otherwise Indicated