Karen Millen news and archive

When Boohoo shareholders lose patience: Is a split the only way out?

Boohoo Group PLC, owner of the Boohoo fast-fashion brand and the Debenhams department store chain, is facing increasing pressure from shareholders to split its businesses. According to a report in The Times, executives are now considering the drastic option in response to a falling share price and declining sales. Several shareholders have...

Business

Karen Millen enters India through new wholesale partner

British womenswear brand Karen Millen has entered the Indian region through a new wholesale and retail partnership with local premium fashion destination Coyu by Lyskraft. The partnership, which builds on the brand’s ongoing global expansion, is set to go live in September 2024, starting with an “aggressive store roll out”, a press release...

Fashion Featured

Karen Millen highlights work-life imbalance with London lounge stunt

In an innovative marketing move that blends social commentary with brand awareness, British fashion retailer Karen Millen staged a thought-provoking display in central London to mark National Relaxation Day on 15th August. The initiative, which saw 15 staff members positioned in branded deckchairs amidst the bustle of Carnaby Street, was...

BusinessFeatured

Boohoo posts revenue and profit decline in FY24

Boohoo Group GMV was down 13 percent to 1,809 million pounds for the fiscal year 2024, as group performance continued to be impacted by a difficult macroeconomic environment. The company said that revenue for the year of 1,461 million pounds, declined 17 percent reflecting increased focus on profitability and difficult market conditions. Boohoo...

BusinessFeatured

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...

Fashion

Karen Millen returns to the brand she founded for a capsule collection

Karen Millen, the British fashion designer and founder of the Karen Millen brand, has returned to her namesake label after nearly two decades. The designer has collaborated with the brand's new creative team to launch a one-off capsule collection that pays homage to the brand's evolution from its inception in the 1980s to the present day. The...

Fashion

Karen Millen partners with reselling service Thrift+

High street fashion brand Karen Millen has partnered with resale service Thrift+. Thrift+, a company founded to make the charity shopping experience as good as the best online clothes retailers, helps to clear out consumer wardrobes with a hassle-free service to recirculate garments. Karen Millen in a statement said each time something is...

BusinessFeatured

Boohoo issues profit warning as consumer demand slumps

For the six months to August 31, Boohoo Group’s net revenue declined 10 percent to 882.4 million pounds amid “macro-economic headwinds facing both consumers and businesses”. The company said it expects for a similar rate of revenue decline to persist over the remainder of the financial year if the “current conditions” continue. Boohoo now...

BusinessFeatured

Boohoo forecasts flat sales growth in H1 2023

Boohoo Group Plc recorded a revenue increase of 14 percent reported and currency adjusted to 1.983 billion pounds in the year to February 28, 2022. Revenue over the two-year period increased by 61 percent from 1.235 billion pounds in 2020, at a time when apparel markets globally remain below pre-pandemic levels. The company said that the trends...

BusinessFeatured

Boohoo delivers sales growth in line with forecast

Boohoo Group has delivered net sales growth in the fourth quarter of 7 percent and full year increase of 14 percent, in line with guidance. In the fourth quarter, gross sales growth was 26 percent versus last year and 57 versus two years ago. The company said the net sales growth in the quarter was impacted by higher returns rates year on year...

People

Jigsaw taps former Karen Millen chief as new CEO

British fashion retailer Jigsaw has reportedly confirmed the appointment of former Karen Millen chief executive Beth Butterwick as its new CEO. Butterwick joined Jigsaw in 2020 as a consultant operating partner and stepped into the CEO role in May this year, Drapers reports. Prior to joining Jigsaw, Butterwick spent three years at the helm of...

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...