The FTSE-100 retail giant is closing in on a deal to add Cath Kidston to a portfolio which includes Made.com and Joules, Sky News learns.
It also bid for TopShop, the then jewel in the crown of Sir Philip Green's high street empire, but pulled out of an auction before the brand was sold to ASOS.
Cath Kidston was bought out of administration little more than two years ago by Baring Private Equity Asia . It was established by its eponymous founder in 1993, and became a high street fixture with scores of standalone shops. BPEA, which took full control of Cath Kidston in 2016, struck a pre-pack insolvency deal which entailed the closure of its UK high street estate.Known for its floral and polka dot designs, Cath Kidston has been run for several years by Melinda Paraie, who joined as chief executive from luxury goods brand Coach in 2018.
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