Cocosa, the London-based flash-sale site, is shutting down.
Its owners, the Al Fayed Group, will be “conducting an orderly wind down of that business in the months ahead,” said a company statement provided to JCK. “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 statement stressed that Cocosa is “stable,” and “is expressly not being placed in administration.”
Cocosa featured jewelry from Stephen Webster and other companies.