Karen Mirren net worth
Karen Mirren Net Worth: Karen Mirren is a British fashion designer and founder of a women’s clothing retailer called Karen Mirren. Her net worth is $60 million. The company, Karen Millen, specializes in tailoring, outerwear and eveningwear, and the brand has stores in the UK, US, Indonesia, Austria, Denmark, Norway, Russia, the Republic of Ireland and many other European countries.
Karen Millen was founded in 1981 when Millen and her partner Kevin Stanford came up with the idea and bought a kilometer of white cotton with a £100 loan to start producing and selling white shirts to their friends. They opened their first store in Kent in 1983 and a few years later in Tunbridge Wells, Brighton, Guildford and London. The brand continued to expand in the 90s and was acquired by Icelandic Mosaic Fashion in 2004. When Karen Mirren and her then-husband and partner, Kevin Stanford, divorced in 2001, she and her ex-husband gradually sold their stake in the company through a series of complex transactions, when the Icelandic economy grew in 2008. year. In 2008, Millen and her ex-husband Kevin Stanford became interested in Oasis, All Saints, Whistles, Ghost, House of Fraser, French Connection and Principles. However, the collapse of Iceland’s banking sector ended the power couple’s dominance of retail in October 2008 when Kaupthing Bank collapsed. In a series of deals with Icelandic investment group Baugur, Murren and Stamford began to reduce their interest in the brand, and the couple allowed Baugur to be the lead investor. Mirren is currently working to get her company back under her ownership, and she and ex-husband and partner Kevin Stanford are now suing Iceland’s Kopsing Bank.
