Owners of Cocosa, the number 1. Luxury ‘flash sale’ website, have announced that it will be closing in the next coming months
Women’s wear daily has reported on their site that ”Cocosa is stable, is expressly not being placed in administration and the owners have fully committed to funding the wind-down of the business,”.
The site which is owned by the Al Fayed group after being acquired from Bauer Media in 2011 has been scheduled to close as part of Mohaned Al Fayed’s retirement lead up.
Since 2010 the business mogul has sold legendary department store Harrods and Fulham Football Club.
A director of Cocosa said: “We thank our staff, our suppliers, including the wonderful luxury brands that we have been privileged to work with for their support, and the press, who have recognised the special niche that Cocosa has made for itself in the luxury market. We will be making available some very special offers to our customers over the next few weeks as we sell our remaining stocks, as our thanks for their loyalty to our business over the last five years.”
contributor: Patrice Gonzalez