Examiner appointed to Karen Millen and Coast firms

The Karen Millen ladies fashion chain and two associated companies, employing 300, have been given High Court protection to allow them try to trade out their financial difficulties.

Ms Justice Marie Baker appointed Declan McDonald of PWC as interim examiner to Karen Millen Irl Ltd, Warehouse Fashion Irl Ltd, and Coast Stores Irl Ltd following petitions presented by Rossa Fanning BL on behalf of the companies.

The court heard the companies have a reasonable prospect of survival if a number of conditions are met including renegotiation of rents and the closure of uneconomic stores.