Lifestyle retailer files notice of intention to appoint administrators as it continues to “explore all options”.
Cath Kidston has become the latest high street name to file a notice of intention to appoint administrators.
Sky News reported on Saturday (April 4) that Cath Kidston – which has 60 stores in the UK and a presence in 200 globally – has filed a notice to appoint Alvarez & Marsal as administrator.
The news comes two weeks after A&M was tasked with finding a buyer for the business. The sale process is ongoing and Sky News reported that a number of ‘credible expressions of interest’ in a takeover have been received.
A Cath Kidston spokesperson said: “The notice of intention forms part of the process by which Cath Kidston is continuing to work with Alvarez & Marsal to explore all options for the company in the current climate.”
It is not known what affect the plans would have on the lifestyle brand’s licensed output. Cath Kidston has enjoyed a successful collaboration with Disney over the past few years – with sell out collections featuring Winnie the Pooh, Mickey and Minnie Mouse among others – while it has also worked with the Peanuts brand recently.
In September 2018, Orla Kiely’s retail stores and online business closed, however its licensed products – which include homewares and accessories – continue to be sold through distribution partners.
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