Next has bought Cath Kidston for £8.5m after the embattled fashion brand filed for bankruptcy. The vintage-inspired lifestyle and homeware brand, founded in 1993, first collapsed in 2020, resulting in the loss of 1,000 jobs and the closure of the majority of its UK stores.
Cath Kidston has now entered administration for the second time after struggling under the ownership of Baring Private Equity Asia, which sold the business last summer to distressed investor Hilco Capital. Continue reading “What Next? Eversheds and Shoosmiths act as high street giant acquires beleaguered Cath Kidston”