VINTAGE furnishings and fashion chain Cath Kidston is lining up administrators to save it from going under.
reports that Cath Kidston filed a notice of intention to appoint Alvarez & Marsal as its administrator on Friday, April 3.high street retailer was reported to be racing to find a buyer last monthThe move doesn't mean Cath Kidston will automatically fall into administration, but it buys the company ten days' breathing space from creditors.
Cath Kidston has lost more than £27million in the past two financial years, despite attempting to slash costs by axing 40 per cent of its head office staff and closing several stores.Cath Kidston opened its flagship store in Piccadilly in 2016.
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Overpriced
Gutted for the potential here for job losses for the staff, also for me I love CathKidston
Ok,go on then. Wtf is Cath Kidston? 🤪
Over priced & over rated.
I'm still at a loss to work out who bought her ridiculous stuff anyway.
Hardly breaking news when we have been reading about it for weeks...
Who ?
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