Thursday, June 30, 2022
  • About
  • Privacy Policy
  • Terms & Conditions
  • Guest Post
  • Contact
Tribune Times
  • Home
  • News
    • England
    • Ireland
    • Wales
    • World
  • Brexit
  • Politics
  • Money
  • Military
  • Sports
  • Business
  • Videos

    President Biden announces new gas deal with EU

    BREAKING NEWS! Ammar Zoni & Irish Bella Resmi Umumkan Jenis Kelamin Anak Kedua

    Is Harry Maguire England's best defender? | John Barnes discusses the Three lions squad

    New initiative to encourage speaking Irish in Dublin

    AUSTRALIA STUDENT VISA FUTURE | STUDY VISA UPDATES USA CANADA UK

  • More
    • Entertainment
    • Business
    • Health
  • Login
No Result
View All Result
Tribune Times
No Result
View All Result
Home Business

Cath Kidston up for sale two years after collapse cost 900 jobs

Editorial Staff by Editorial Staff
June 24, 2022
in Business
A A
0
69
SHARES
315
VIEWS
Share on FacebookShare on Twitter

Cath Kidston, the modern vintage brand, has been put up for sale just two years after collapsing into administration with the loss of nearly 1,000 jobs.

Sky News has learnt that Baring Private Equity Asia (BPEA) has instructed advisers at PricewaterhouseCoopers (PwC) to find a new owner for the now wholesale-led company.

Cath Kidston, which was established by its eponymous founder in 1993, became a high street fixture with scores of standalone shops.

Its fortunes were hit by the pandemic, however, forcing it into administration in April 2020.

BPEA, which took full control of Cath Kidston in 2016, struck a pre-pack insolvency deal which entailed the closure of its entire high street estate.

It does retain fewer than a handful of stores in Saudi Arabia.

City sources said that PwC had been engaged with prospective buyers for a number of weeks, although their identities were unclear on Friday.

Known for its floral and polka dot designs, Cath Kidston has been run for the last four years by Melinda Paraie, who joined as chief executive from luxury goods brand Coach in 2018.

It expanded from a single shop in West London selling car boot finds and vintage fabric into a business offering fashion, homewares and accessories.

The chain made a fortune for its founder when she sold a stake to private equity firm TA Associates about 12 years ago in a deal reportedly worth £100m.

In 2014, Baring Private Equity Asia became a substantial shareholder.

Neither Cath Kidston nor BPEA responded to a series of requests for comment, while PwC declined to comment.

Source: Independent

Tags: CathcollapsecostjobsKidstonsaleyears

Related Posts

Business

EV motorway charging network Gridserve in M&G funding talks

June 30, 2022
Business

Crunch talks between union and Network Rail approach as tensions rise

June 30, 2022
Business

Cost of living: Chancellor sees ‘challenging times ahead’ amid record disposable income squeeze

June 30, 2022
Business

Athlete tracking start-up Sportlight scores with £4m fundraising

June 30, 2022
Business

EY to brief UK partners on plans for $80bn global break-up

June 30, 2022
Business

Cost of living: How can the UK government help reduce energy bills?

June 30, 2022

RECOMMENDED NEWS

Olympics Protests

Anti-Olympics Protests One Week Before the Event

11 months ago
Monkey B Virus

China Reports Its First Death from the Monkey B Virus

11 months ago
Double vaccinated gets double freedom.

Double vaccinated gets double freedom.

10 months ago
Flood in China's Zhengzhou

Flood in China’s Zhengzhou

8 months ago
Heatwaves warnings!

Heatwaves warnings!

8 months ago
Instagram

Instagram will No Longer be Photo Sharing App: Monetization of Content

7 months ago

You Might also Like

News

I’m furious after a sign BANNED ‘poor’ kids from local playground – it’s cruel

June 30, 2022
Business

EV motorway charging network Gridserve in M&G funding talks

June 30, 2022
News

Boy, 14, who murdered five-year-old Logan Mwangi named as Craig Mulligan as judge lifts anonymity order

June 30, 2022
World

Kentucky judge blocks two anti-abortion laws from going into effect

June 30, 2022
Wales

Young dad tragically discovered dead in canal after going missing

June 30, 2022
Health

How you hold a PEN can predict your risk of biggest killer

June 30, 2022

VIDEOS

President Biden announces new gas deal with EU

April 3, 2022

BREAKING NEWS! Ammar Zoni & Irish Bella Resmi Umumkan Jenis Kelamin Anak Kedua

April 3, 2022

Is Harry Maguire England's best defender? | John Barnes discusses the Three lions squad

April 3, 2022

New initiative to encourage speaking Irish in Dublin

April 2, 2022

AUSTRALIA STUDENT VISA FUTURE | STUDY VISA UPDATES USA CANADA UK

April 2, 2022

POPULAR NEWS

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

LATEST NEWS

Wales

The closures, cancellations, and protests that will plague transport in Wales from start of July

June 30, 2022
Health

Covid cases close to 300,000 a day and ‘heading for highest ever levels’

June 30, 2022
Money

New study shows customers loyalties lie with their favourite brand of tea

June 30, 2022
Sports

Jos Buttler confirmed as England’s white-ball captain after Eoin Morgan retires

June 30, 2022
Entertainment

Danniella Westbrook shares cryptic post about being ‘careful who to trust’ after sparking concern with online break

June 30, 2022
News

Father murdered teenage daughter Lauren Malt by driving over her body twice, court told

June 30, 2022
Tribune Times

Tribune Times news portal We offer you the latest local UK news and the most important political and military news..

Follow us on social media:

Recent News

  • Who is Sonny Barger’s wife, Zorana?
  • I’m furious after a sign BANNED ‘poor’ kids from local playground – it’s cruel
  • EV motorway charging network Gridserve in M&G funding talks
  • Boy, 14, who murdered five-year-old Logan Mwangi named as Craig Mulligan as judge lifts anonymity order
  • Kentucky judge blocks two anti-abortion laws from going into effect

Category

  • Africa
  • Belarus
  • Brexit
  • Business
  • Criminals
  • Energy
  • England
  • Entertainment
  • Food
  • Health
  • Ireland
  • Lockdown
  • Military
  • Money
  • Monkey B Virus
  • News
  • Nigeria
  • Olympics Protests
  • Politics
  • Russia
  • Saudi Arabia
  • Scotland
  • Sports
  • Technology
  • Uncategorized
  • Vaccinated
  • Videos
  • Vulnerable Children
  • Wales
  • Warnings
  • Wimbledon
  • World
  • Zambia
  • Zhengzhou

Recent News

I’m furious after a sign BANNED ‘poor’ kids from local playground – it’s cruel

June 30, 2022

EV motorway charging network Gridserve in M&G funding talks

June 30, 2022

Boy, 14, who murdered five-year-old Logan Mwangi named as Craig Mulligan as judge lifts anonymity order

June 30, 2022
  • About
  • Privacy Policy
  • Terms & Conditions
  • Guest Post
  • Contact

© 2021 Tribune Times - Developed By Sawah Web.
Partner Publications : News Parliament - Global Crisis News - Government Law Organisation - EU Think Tank.

No Result
View All Result
  • Home
  • News
    • England
    • Ireland
    • Wales
    • World
  • Brexit
  • Money
  • Business
  • Military
  • Politics
  • Sports
  • Entertainment
  • Health
  • Videos

© 2021 Tribune Times - Developed By Sawah Web.
Partner Publications : News Parliament - Global Crisis News - Government Law Organisation - EU Think Tank.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In