Sky said it was unclear on Tuesday night whether other potential buyers were lined up, although one source told the publication it was “effectively Hilco’s to lose”. It added the proposed transaction was “said to be a solvent one”.
Cath Kidston collapsed into administration in April 2020 with the loss of nearly 1,000 jobs during the pandemic.
BPEA first acquired Cath Kidston in 2016 but later agreed on a pre-pack insolvency deal which led to the closure of its entire UK high street estate.
Hilco could not be reached for comment.