Coast was a British women's clothing retail chain, founded in 1996. Coast is owned by Aurora Fashions, as are women's fashion brands Warehouse and Oasis. Aurora in turn was owned by the Icelandic Kaupthing Bank, and has been in administration for some time, with the administrators looking for potential buyers, with a possible valuation of not more than £100 million for Coast, Warehouse, and Oasis reported in November 2016. In April 2017, The Daily Telegraph reported that the three brands employ up to 5,000 people and were attracting interest from private equity, who would likely close some of the stores. Retail Week has speculated that the future for brands like Coast will be in department store concessions and online, rather than stand-alone stores.