The online fashion firm makes an offer to buy the online business of the two High Street brands.
, which first reported the news, the firms were being bought through a process called pre-pack administration, which would be initiated once Deloitte had been appointed as administrator to Karen Millen.
Richard Lim, chief executive of Retail Economics, told the BBC the advantage for buyers of a pre-pack administration was that it allowed them"to dispose of the parts of the business that they deem unprofitable". Mr Lim said: "It is well known Karen Millen has been struggling in the past few years. But Boohoo will look at it and see another potential revenue stream.
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