Coast owner happy with progress

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;City-6-1&period;jpg"><img class&equals;"alignnone size-full wp-image-332" title&equals;"Pound notes" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;City-6-1&period;jpg" alt&equals;"" width&equals;"200" height&equals;"200" &sol;><&sol;a><&sol;p>&NewLine;<p>The owner of fashion chains including Oasis&comma; Coast and Warehouse has said it was accelerating its growth plans after a successful half-year performance&period;<&sol;p>&NewLine;<p>Aurora Fashions was formed in March last year to buy the chains after the collapse of former owner Mosaic and its Icelandic backer Baugur&period;<&sol;p>&NewLine;<p>The company&comma; which also owns the Karen Millen brand&comma; reported a 36&percnt; rise in underlying earnings to £17&period;8 million for the six months to July 31 and said it was moving to the next stage of its development ahead of schedule&period;<&sol;p>&NewLine;<p>The latest part of its plan has seen Aurora appoint managing directors at each of its four brands for the first time&period;<&sol;p>&NewLine;<p>The line-up includes Margaret McDonald&comma; who has taken the helm at Coast after previously holding the role of chief executive at shoe chain LK Bennett&period; It has also appointed Hash Ladha&comma; formerly marketing and operations director at ASOS&comma; as director of Aurora&&num;8217&semi;s multi-channel operations&period;<&sol;p>&NewLine;<p>Chief executive Mike Shearwood said&colon; &&num;8220&semi;Appointing MDs to each of our brands is a significant milestone and demonstrates we have now moved&comma; earlier than originally planned&comma; into the next stage of our development&period; Our focus is on growth&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Like-for-like sales rose 5&percnt; in the half-year&comma; while online sales improved by 34&percnt; and the company added 37 new stores&period; It now has 1&comma;508 shops in 46 countries&comma; including 205 Coast&comma; 250 Oasis and 307 Warehouse outlets in the UK&period;<&sol;p>&NewLine;<p>Mosaic&comma; which owed an estimated £400 million to the Icelandic bank Kaupthing&comma; was put into administration but the brands were immediately sold to a new company majority owned by Kaupthing and existing management&period; The move helped save around 8&comma;700 jobs&period;<&sol;p>&NewLine;<p>Aurora has already consolidated distribution operations from three sites into one&comma; migrated all four brands to a single IT platform and completed a cost reduction programme&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e650ddd1cc8">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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