Boohoo completes purchase of Karen Millen and Coast

After confirming its interest in acquiring Karen Millen and Coast, online fashion retailer Boohoo Group plc has announced that it has completed an asset purchase agreement for both these British brands. The company said that the group has acquired the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen Retail Limited for 18.2 million pounds.