Karen Millen to buy parts of retailer Coast out of administration

The women’s clothing retailer Coast has gone into administration, becoming the latest high profile British high street chain to collapse.

Parts of the business have been bought out by sister company Karen Millen.

The deal will save 600 jobs and 145 department-store concessions, but 300 further jobs remain at risk as 24 high-street shops are currently set to close.

PwC has been appointed as administrator.

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