Coast news and archive

Timeline: Behind Boohoo’s boulevard of broken promises

By now, the ongoing controversies surrounding Boohoo’s supply chain are no secret. The past five years in particular have seen a period of turbulence take hold over the company’s production process, as mounting investigations slowly unveil the slew of seemingly broken promises made by the company to fix what it repeatedly says has not been...

People

New fashion director at Karen Millen, Coast, Oasis and Warehouse

Boohoo has named Lizzie Dawson as the new fashion director for its Karen Millen, Coast, Oasis and Warehouse brands. Dawson previously spent four months as a global creative design director consultant at Topshop and Topman, and before that spent more than five years at Urban Outfitters, most recently as design director. Karen Millen, Coast, and...

Retail

Same item, different prices: Boohoo faces retail discrepancies

Online retail giant Boohoo is plagued by price discrepancies across its brand portfolio, despite items being the same. Research by the BBC found same items of clothing sold for various prices across its fashion labels, including a puffer coat that was 34 pounds more expensive at Coast than at Dorothy Perkins. Both brands are owned by Boohoo, as...

BusinessFeatured

Boohoo publishes another quarter of strong results

Boohoo Group plc reported strong revenue growth of 44 percent across all key geographic regions to 473.7 million pounds (614.8 million dollars) for the four months ended 31 December 2019. The company said in a statement that gross margin for the four months was 53.5 percent, down 70 bps. Boohoo revenue of 232.6 million pounds (301.8 million...

BusinessFeatured

Boohoo raises full year revenue forecast

Boohoo Group plc has announced that trading for the first half of its financial year has been ahead of expectations with strong revenue growth driving operating leverage across key brands. The company’s board now anticipates that results for the current financial year will be ahead of previous guidance, with group sales growth now expected to be...

Business

Emerisque Brands reportedly eyes up Oasis, Warehouse and Coast

London - High street fashion retailers Oasis, Warehouse, and Coast are reportedly being eyed up by Indian entrepreneur Ajay Khaitan. Khaitan’s private equity firm, Emerisque Brands, is said to be in exclusive talks to take over the three fashion retailers from Icelandic bank Kaupthing for 60 million pounds according to a report from The Sunday...