Cath Kidston considers business sale in 2014

Accessories and fashion retailer Cath Kidston, famed for its floral prints, is said to be considering putting its business up for sale in the new year.

Private equity firm TA Associates bought 60 per cent of the lifestyle retailer in 2010 but has now brought in advisers from investment bank UBS to look into a sale in 2014, according to Sky News.

The sellers are expected to seek over £250 million for the company and with interest expected from private equity groups, sovereign wealth, pension funds and other retailer companies. The company's founder has not clarified if she would offload her share of the company should a sale go through but she could expect to see around £50 million from the sale if she does.

Upon the 2010 restructuring, Cath Kidston herself said that the firm was “delighted” to be partnering with TA Associates. “We now have the necessary partner in place to expand the brand internationally in Asia and other markets whilst enhancing our core offering in the UK.”

Since then, the company has gone from strength to strength. Last week it was named one of 1,000 companies to “inspire Britain” by the London Stock Exchange. The company gained its place because of its growing international customer base. It has nearly 200 shops across the UK, Europe and further afield in Asia.

Cath Kidston saw a 13 per cent increase in its EBITDA to £21 million for the year to 31 March. Losses stood at £0.6 million.

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Cath Kidston seeks sale to fund expansion

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