Iconic brand Karen Millen shutting down in Australia


Fashion retailer Karen Millen will shut up shop in Australia in the next few weeks, following the collapse of the UK-based company last month.

Karen Millen has seven standalone shops and eight concessions in department stores across the country, all of which will close.

About 80 staff work for the brand in Australia, most of whom are casual workers.

Deloitte is handling administration for the company in Australia.

Karen Millen went out of business in the UK last month.
Karen Millen went out of business in the UK last month. (AAP)

“With the UK business now sold and the label withdrawing from Australia, we expect to wind down the business here and progressively close all stores in the coming weeks,” administrator Tim Norman said in a statement.

“If quick, shoppers can expect some bargains with discounted stock being sold from stores and online until the end of this month.”

Karen Millen is a premium women’s clothing brand, specialising in evening wear and coats.

Already the website is advertising up to 75 per cent off everything.

The brand has standalone stores in Victoria, NSW and South Australia, and concessions in two David Jones stores and six Myer stores.

Many retailers have collapsed in Australia in recent years, including Napoleon Perdis, Roger David, Ed Harry and Esprit

© Nine Digital Pty Ltd 2019



Source link Finance News Australia

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