Kaupthing to put UK’s Oasis and Warehouse up for sale – sources

By Dasha Afanasieva and Pamela Barbaglia LONDON (Reuters) – Administrators for failed Icelandic bank Kaupthing are looking to sell off British high street retailers including Coast, Oasis and Warehouse which employ thousands of people, four sources familiar with the matter said. The bank was nationalised during Iceland's 2008-2011 financial crisis, with its domestic operations spun into a new bank known as Arion Banki, while all non-Icelandic assets remained with the now defunct Kaupthing. Kaupthing acquired the brands in 2009 from Mosaic Fashions, which went into administration after shareholder Baugur collapsed in the wake of the crisis.

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Kaupthing to put UK’s Oasis and Warehouse up for sale – sources

Succession issue looms large at world’s top glasses maker

Positions are not being filled, two of the sources said, complicating Del Vecchio's avowed search for a second-line manager from within to step up to the plate. Del Vecchio has pledged to develop e-commerce, where the company lags, investment that could hit profitability. Luxottica has ambitious growth plans and a reputation for top-notch managers.

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Succession issue looms large at world’s top glasses maker