Cath Kidston owners considering sale just eight months after buying the brand
The owners of the Cath Kidston lifestyle brand are said to be considering a sale of the business just eight months after acquiring it.
According to a report by Sky News, Hilco Capital, a firm that specialises in buying struggling consumer businesses, has been approached by several interested parties.
The news outlet also said that city sources had revealed that Hilco is lining up PricewaterhouseCoopers to advise on a sale.
Cath Kidston collapsed into administration in 2020 with the loss of nearly 1,000 jobs and was subsequently acquired by Baring Private Equity Asia via a pre-pack insolvency deal.
This included Cath Kidston’s ecommerce platform, franchise and wholesale businesses but not its stores, which totalled 60 at the time.
Hilco purchased the brand in the summer of last year. Sky News said it was unclear what structure a disposal by Hilco would take and whether any bidders would seek to take control of the whole company.
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