Aurora Fashions Group, parent of Oasis, has posted a pre-tax loss of £39.9 million, on sales of £544.6 million for the year to February 24th, attributing much of the blame to the collapse of House of Fraser in which it held concessions for Coast.
Coast entered administration and was sold to Karen Millen in a pre-pack arrangement which saw its standalone stores and international concessions close, leaving Karen Millen with Coast’s UK concession outlets, online division and franchise stores.
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