Cocosa to close down | Photo and news fashion
Select your Top Menu from wp menus

Cocosa to close down

Want create site? Find Free WordPress Themes and plugins.

image

Former Harrods owner Mohamed Al-Fayed has today confirmed that flash sales website Cocosa will close in the coming months. The 84-year-old’s Al Fayed Group purchased the e-tail site in July 2011 from the Bauer Media Group.

Related articles

Robbie Williams’s fashion line goes into liquidation

Vestiaire Collective: the new way to shop for second-hand fashion online

Rihanna reigns in risque fashion sense for Middle East, but gets turned away from mosque

Launched in 2008, the site offers designer fashion and homewares at a fraction of their original retail price. Brands currently listed on the site include Diane Von Furstenberg, Nicole Farhi and Stephen Webster jewellery.

In a statement released today the company declared: ‘Cocosa made significant progress in its sector and built a reputation for quality products and customer service in the luxury fashion off-price flash sales market. Despite this progress, the costs of continuing to build the brand to market leadership were deemed too high to merit material further investment.’

The Al Fayed group disposed of luxury department store Harrods in 2010 and Fulham Football Club in July 2013 as it desires to simplify its portfolio.

The good news is that the site plans to make ‘some very special offers to our customers over the next few weeks’ as it seeks to clear its stock.

Did you find apk for android? You can find new Free Android Games and apps.

About The Author

Related posts