Womenswear label, Karen Millen, was founded in 1981, opening its first store two years later. The business expanded to reach 32 UK stores and a number of international partners before being sold by its founders in 2004. By the 2010s, the brand had started to lose relevance with consumers and was sustaining heavy losses.
In June 2019, Karen Millen’s owners put the business up for sale. In the absence of offers for the business in its entirety, the company entered administration in August. The intellectual property and ecommerce operation were acquired by online fashion specialist, Boohoo plc, while the Administrators appointed Hilco Capital to trade the stores and sell through stock.