Cath Kidston put up for sale
Cath Kidston has been put up for sale just two years after entering administration.
According to Sky News, Baring Private Equity Asia has instructed PriceWaterhouse Coopers to seek a new owner for the lifestyle clothing and homewares brand.
Cath Kidston collapsed into administration in April 2020 with the loss of 900 jobs. Prior to that, the company was in the middle of a turnaround plan, but then the Covid-19 pandemic hit.
Founded in 1993, Cath Kidston used to have numerous shops both in the UK and across the world. Although now a wholesale led business, it does operate a small number of stores in Saudi Arabia.
Baring Private Equity Asia fully acquired the brand in 2016 and then bought it out of administration in 2020 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.