- Retail investor Hilco Capital has bought Cath Kidston
- Cath Kidston collapsed into administration in 2020 with the loss of nearly 1,000 jobs
By guest author Georgia White from the Retail Gazette
Cath Kidston has been bought by the investment and restructuring firm Hilco Capital.
Hilco, which has often been associated with investments in distressed companies, was close to a deal yesterday (June 29, 2022) and now a one has been made, according to The Times.
Hilco has owned an array of prominent high street names over the last two decades and had been holding talks about acquiring Cath Kidston from Baring Private Equity Asia, which put the fashion brand up for sale earlier this month.
Cath Kidston relaunched two years ago, after collapsing into administration with the loss of nearly 1000 jobs and 60 UK stores.
Since then the fashion retailer has returned to profitability, with sales of GBP 29 million for the year ending March 2022.
Alongside its e-commerce website, it has four UK stores and 95 shop-in-shops, as well as a wholesale business and works with eight international franchise.