Cath Kidston has confirmed the sad news today that it has decided to close all of its 60 stores in the UK. The retailer had called in administrators on Friday 3 April.
It has been confirmed that Cath Kidston's arent company, Baring Private Equity Asia, will buy the brand alongside its e-commerce and wholesale businesses from administrators.
The brand's CEO, Melinda Paraie, said: "While we are pleased that the future of Cath Kidston has been secured, this is obviously an extremely difficult day as we say goodbye to many colleagues. "Despite our very best efforts, against the backdrop of COVID-19, we were unable to secure a solvent sale of the business which would have allowed us to avoid administration and carry on trading in our current