Aurora Fashions
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Aurora Fashions
Aurora Fashions was a holding company of several retail fashion brands, formed in 2009 to purchase a number of businesses from the collapsed Mosaic Fashions. The company operates over 1,250 stores in 38 countries, including franchises, under the Oasis, Warehouse and Coast brands. History In March 2011, the company announced plans to spin-off Karen Millen, which was completed in 2012. Karen Millen was separated from the group to be owned by Aurora's parent Kaupthing Bank. Aurora announced further plans in March 2013 for a wider restructuring. As part of this, Coast was also separated from the rest of the group, under the ownership of Kaupthing, and it was planned that Oasis and Warehouse A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities ... would be merged under a new single parent ...
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Mosaic Fashions
Mosaic Fashions hf was the company of several fashion brands. The company has 1,760 stores and concessions in the UK, Europe and the USA, 234 Franchise stores in 44 countries and 93 joint venture stores including 84 concessions in China. History Oasis The Oasis stores started in 1991, and in 1995 Oasis Stores Plc. was floated on the London Stock Exchange. In April 1998 Oasis purchased the Coast stores. In September 2001 the management team of Oasis Stores Plc, acquired the company via Sierra Acquisitions Ltd., supported by PPM Ventures. Sierra Acquisitions Ltd. later became a part of Sierra Holdings Ltd. On 16 April 2020, it was announced that both Oasis and Warehouse had fallen into administration. On 30 April 2020 the administrators announced that they had failed to find a buyer for both stores with the loss of 1,800 jobs. The brand was later bought by Boohoo.com. Mosaic Fashions In November 2003 Oasis and Coast were acquired from PPM Ventures by a secondary management ...
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Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its surrounding areas) is home to over 65% of the population. Iceland is the biggest part of the Mid-Atlantic Ridge that rises above sea level, and its central volcanic plateau is erupting almost constantly. The interior consists of a plateau characterised by sand and lava fields, mountains, and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence keep summers chilly, and most of its islands have a polar climate. According to the ancient manuscript , the settlement of Iceland began in 874 AD when the Norwegian chieftain Ingólfr Arnarson became the first p ...
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Fashion
Fashion is a form of self-expression and autonomy at a particular period and place and in a specific context, of clothing, footwear, lifestyle, accessories, makeup, hairstyle, and body posture. The term implies a look defined by the fashion industry as that which is ''trending''. Everything that is considered ''fashion'' is available and popularized by the fashion system (industry and media). Given the rise in mass production of commodities and clothing at lower prices and global reach, sustainability has become an urgent issue among politicians, brands, and consumers. Definitions The French word , meaning "fashion", dates as far back as 1482, while the English word denoting something "in style" dates only to the 16th century. Other words exist related to concepts of style and appeal that precede ''mode''. In the 12th and 13th century Old French the concept of elegance begins to appear in the context of aristocratic preferences to enhance beauty and display refinement, an ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Clothing
Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural products found in the environment, put together. The wearing of clothing is mostly restricted to human beings and is a feature of all human societies. The amount and type of clothing worn depends on gender, body type, social factors, and geographic considerations. Garments cover the body, footwear covers the feet, gloves cover the hands, while hats and headgear cover the head. Eyewear and jewelry are not generally considered items of clothing, but play an important role in fashion and clothing as costume. Clothing serves many purposes: it can serve as protection from the elements, rough surfaces, sharp stones, rash-causing plants, insect bites, by providing a barrier between the skin and the environment. Clothing can insulate against ...
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Kaupthing Bank
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic based operations were spun into a new bank ''New Kaupthing'', which was subsequently renamed Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. It was seventh largest bank in the Nordic countries in terms of market capitalization. The bank had employed over 3,300 people with 36 retail branches in Iceland. As of 31 December 2007, the bank had a total assets of €58.3 billion ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Oasis (clothing)
Mosaic Fashions hf was the company of several fashion brands. The company has 1,760 stores and concessions in the UK, Europe and the USA, 234 Franchise stores in 44 countries and 93 joint venture stores including 84 concessions in China. History Oasis The Oasis stores started in 1991, and in 1995 Oasis Stores Plc. was floated on the London Stock Exchange. In April 1998 Oasis purchased the Coast stores. In September 2001 the management team of Oasis Stores Plc, acquired the company via Sierra Acquisitions Ltd., supported by PPM Ventures. Sierra Acquisitions Ltd. later became a part of Sierra Holdings Ltd. On 16 April 2020, it was announced that both Oasis and Warehouse had fallen into administration. On 30 April 2020 the administrators announced that they had failed to find a buyer for both stores with the loss of 1,800 jobs. The brand was later bought by Boohoo.com. Mosaic Fashions In November 2003 Oasis and Coast were acquired from PPM Ventures by a secondary management ...
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Warehouse (clothing)
Warehouse was a British clothing retail chain, founded in 1976. Warehouse was owned by Aurora Fashions, as were women's fashion brands Coast and Oasis. In November 2016, the administrator for Aurora Fashions, Kaupthing Bank, placed the retailers up for a £100 million sale. On 16 April 2020, it was announced that both Warehouse and Oasis had fallen into administration. On 30 April 2020, it was announced that administrators had failed to find a buyer with the loss of 1,800 jobs. In June 2020, the Warehouse brand, assets and stock, along with those of the Oasis chain, were acquired by online retailer Boohoo, reuniting Warehouse with former sibling Coast, acquired by Boohoo as part of a separate takeover of the Karen Millen Karen Millen is a British online women's clothing retailer specialising in tailoring, coats and evening wear. Formerly a high street chain with stores throughout the United Kingdom, United States, Indonesia, Austria, Denmark, Russia, the Republ ... Group ...
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Coast (clothing)
Coast is a British women's clothing retail chain, founded in 1996. Coast was owned by Aurora Fashions, along with fashion brands Warehouse and Oasis. Aurora in turn was owned by the Icelandic Kaupthing Bank, and had been in administration for some time, with the administrators looking for potential buyers, with a possible valuation of not more than £100 million for Coast, Warehouse, and Oasis reported in November 2016. In April 2017, ''The Daily Telegraph'' reported that the three brands employ up to 5,000 people and were attracting interest from private equity, who would likely close some of the stores. ''Retail Week'' speculated that the future for brands like Coast will be in department store concessions and online, rather than stand-alone stores. In 2016, Coast had a pre-tax profit of £1.3m, following a pre-tax loss of £10.8m in 2015. As of September 2017, they had 20 stand-alone stores in the UK, five in Ireland, two in Kuwait, and two in the UAE, as well as numerous in- ...
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Karen Millen
Karen Millen is a British online women's clothing retailer specialising in tailoring, coats and evening wear. Formerly a high street chain with stores throughout the United Kingdom, United States, Indonesia, Austria, Denmark, Russia, the Republic of Ireland and many other European countries, since 2019 it has been an online-only brand of Boohoo plc. History Karen Millen studied fashion at the Medway College of Design which is now known as University for the Creative Arts. The company was founded in 1981 when Millen partnered with Kevin Stanford. With a loan of £100, the pair bought one thousand metres of white cotton and began manufacturing and selling white shirts to their friends. A party-plan network followed, and in 1983, they opened their first store in Maidstone, Kent, which was followed a few years later by branches in Tunbridge Wells, Brighton, Guildford and London. The brand continued to expand throughout the 1990s, and was acquired in June 2004 by the Icelandic ...
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Clothing Retailers Of Iceland
Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural products found in the environment, put together. The wearing of clothing is mostly restricted to human beings and is a feature of all human societies. The amount and type of clothing worn depends on gender, body type, social factors, and geographic considerations. Garments cover the body, footwear covers the feet, gloves cover the hands, while hats and headgear cover the head. Eyewear and jewelry are not generally considered items of clothing, but play an important role in fashion and clothing as costume. Clothing serves many purposes: it can serve as protection from the elements, rough surfaces, sharp stones, rash-causing plants, insect bites, by providing a barrier between the skin and the environment. Clothing can insulate against cold ...
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