Cath Kidston owner explores sale of business
According to Sky News, owner Hilco Capital has been approached by a ‘number’ of potential buyers who are interested in acquiring the modern vintage brand
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The owner of the Cath Kidston is reportedly exploring a sale of the business only eight months after buying it.
According to Sky News, owner Hilco Capital has been approached by a “number” of potential buyers who are interested in acquiring the modern vintage brand.
Sources told Sky that Hilco was lining up PwC to help advise on a potential sale.
However, Sky said it remained “unclear” what type of disposal would take place and whether any potential buyers would seek to take control of the whole company.
Hilco acquired Cath Kidston last July after the brand was put up for sale by its owner at the time, Baring Private Equity Asia (BPEA).
BPEA first took control of Cath Kidston in 2016 and later agreed on a pre-pack insolvency deal which led to the closure of its entire UK high street estate.
Cath Kidston collapsed into administration in April 2020 with the loss of nearly 1,000 jobs after sales suffered during the pandemic. It was bought out of administration by BPEA.
