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
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Kaupthing plans sale of Oasis and Warehouse

Kaupthing plans sale of Oasis and Warehouse

Wed, 25 Mar 2020 | BUSINESS SALE



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

Supplier of Outdoor Sporting Equipment
UK Wide

Supplies a comprehensive range of specialist high-end sporting equipment, with individual models retailing at up to £5k. Primarily sells to the general public, holiday parks and activity centres, with additional revenue generated by the film and TV p...

Asking Price: Offers Invited
Turnover: £392,000

RELOCATABLE


E-Commerce Provider of Printed Garments & Accessories
UK Wide

Rapidly expanding online retailer of distinguished garments and accessories serving a diverse client base comprising both B2B and B2C custom. Using in-house printing and manufacturing software the company has cultivated a unique portfolio of clothing...

Asking Price: Offers Invited
Turnover: £4,584,000

E-Commerce Skincare Brand
UK Wide

A well-established brand providing customers with skin care solutions. Has an established reputation within its sector as a professional, reliable service provider, utilising a highly experienced workforce with extensive in-house capabilities. Has ov...

Asking Price: Offers Invited
Turnover: £1,400,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

 
18
 
May
 

Cotswolds pub in prime tourist town comes to market for £1.3m | BUSINESS SALE

The Mousetrap Inn in the popular Cotswolds tourist town of B...

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


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.