Buzz People

1,100 jobs at risk after Karen Millen online deal

More than 1,000 jobs could be at risk after fashion firm Boohoo bought the online business of UK brands Karen Millen and Coast for £18.2m.
Boohoo, an online-only retailer, said acquiring the website operations of the two brands "would represent highly complementary additions".
The firms' 32 UK High Street stores and 177 concessions, employing 1,100 people, now appear set to close.
Administrators Deloitte said the stores would trade for a "short time".
It is understood they will continue to trade for months, as opposed to a matter of days.
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