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