BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Kaupthing plans sale of Oasis and Warehouse

Kaupthing plans sale of Oasis and Warehouse

Wed, 25 Mar 2020 | BUSINESS SALE

Kaupthing plans sale of Oasis and Warehouse

Icelandic-owned UK women’s fashion retailers Oasis and Warehouse are reported to be exploring a sale, appointing administrators from Deloitte to hold talks with potential buyers.

The coronavirus pandemic has prompted the UK government to mandate the shuttering of all non-essential retailers, such as fashion stores, for at least three weeks.

Icelandic lender Kaupthing, which owns the stores, had initially tried to sell them in 2017, but withdrew from the sales process after reportedly not attracting bids that met its valuation.

A Kaupthing spokesperson said: “Like all businesses operating in these unprecedented times, we continue to work on how we can best navigate through the current challenging circumstances following the Covid-19 outbreak.”

“Whilst this remains a key focus for the company, Oasis and Warehouse are strong brands and we have very recently received inbound interest from strategically aligned parties regarding a potential transaction.”

“We remain in dialogue with these parties, but there is no certainty at this stage that this will lead to a transaction.”

Oasis and Warehouse Group presently employ around 2,300 staff and trade from 90 standalone locations and 437 concessions in department stores.

In the group’s most recent accounts, to the year ending March 2 2019, it reported gross profit of £173 million on total turnover of £293.2 million. At the time, the group held total current assets of £66.2 million.

Last year, Kaupthing sold UK fashion retailers Karen Millen and Coast to Boohoo in an £18.2 million deal, with Deloitte also acting as administrator on that occasion.


Share this article



Latest Businesses for Sale

E-commerce Supplier of Coffee Products
UK Wide

The company produces and supplies a wide range of coffee products created using ethically sourced beans from South America. The core products comprise wholebeans, grounds, single-origin roasts, blends, cold brews and compostable pods.

Asking Price: £300,000
Turnover: £200,000

LEASEHOLD


Luxury Vehicles Retailer Utilising a Showroom-free Business Model
UK Wide

The company offers an extensive range of luxury cars, including vehicles from prestigious manufacturers such as Aston Martin, Ferrari, Lamborghini and Rolls Royce. The business operates with a unique showroom-free approach, utilising a dedicated onli...

Asking Price: Offers Invited
Turnover: £97,000,000

FREEHOLD


E-commerce Sales of Jewellery, Lingerie & Sexual Health Products
UK Wide

The company offers the sale of fashion jewellery, lingerie, and sexual health products and toys, pyjamas, gym clothing, beachwear, and PPE. Priding itself on its high-quality products and exceptional customer service, the company offers its produc...

Asking Price: Offers Invited
Turnover: £5,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Feb
 

Social media marketing firm acquired at up to 41.6x operating profit | BUSINESS SALE

Manchester-based social media and influencer marketing agenc...

 
03
 
Feb
 

Pub group planning to sell 1,000 sites as pressures on hospitality mount | COMMERCIAL PROPERTY

Stonegate Group, the UK’s largest pub company, is repo...

 
02
 
Feb
 

Babble hits 12 acquisitions in a year with double takeover | BUSINESS SALE

London-based cloud technology firm Babble has continued its ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
21
 
Jul
 

Discount retail chain JTF falls into administration | ADMINISTRATION

JTF Mega Discount Warehouse has fallen into administration a...

 
01
 
Dec
 

Arcadia collapses into administration | ADMINISTRATION

Sir Philip Green’s Arcadia, the group behind retailers...

 
15
 
Oct
 

Gourmet Burger Kitchen acquired by Boparan in deal that sees 26 sites close | BUSINESS SALE

Gourmet Burger Kitchen has been acquired by Boparan Restaura...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.