End for Cath Kidston UK stores
Cath Kidston’s 60 UK stores will not re-open after a pre-pack administration by its owner Baring Private Equity Asia.
The homewares and clothing label will sell online, by concession and through other retailers. Some 908 staff will be made redundant, with 32 retained.
‘While we are pleased that the future of Cath Kidston has been secured, this is obviously an extremely difficult day as we say goodbye to many colleagues. Despite our very best efforts, against the backdrop of Covid-19, we were unable to secure a solvent sale of the business which would have allowed us to avoid administration and carry on trading in our current form,’ says Melinda Paraie, Cath Kidston chief executive.