Coast Stores Ireland Ltd sale approved by High Court

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Coast Stores Ireland Ltd had the sale of part of its business approved by the High Court on 12 October 2018.

Karen Millen Fashions Ltd agreed to retain Coast’s 10 Irish concession outlets and buy the Irish subsidiary’s stock, while the five stand-alone stores were excluded.

The agreement was expected to save 50 of the company’s 99 full and part-time jobs. Declan McDonald of PwC was acting as provisional liquidator after Coast cited its parent’s difficulties and challenging market conditions.