Cath Kidston may be up for sale for the second time in less than a year.
Hilco, the textiles and homewares retailer’s owner, is considering raising the for sale sign just eight months after purchasing it, according to Sky News.
The restructuring specialist has reportedly been approached by a number of potential buyers and is lining up PwC to explore a sale.
Once a roaring success on the high street, Cath Kidston was bought out of administration in 2020 by Baring Private Equity Asia and sold to Hilco last June.
The retailer, known for its vintage-style floral prints, was hit hard by the pandemic and now trades from just four outlets.
The report said it was “unclear” what structure a disposal by Hilco would take and whether any bidders would seek to take control of the whole company.
Cath Kidston returned to profitability last year, with sales of £29m for the year ending March 2022.
Hilco and PwC declined to comment.
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