The specialist investor in troubled retail brands is in detailed discussions about buying the Cath Kidston brand and wholesale operations, Sky News understands.
Hilco, the specialist retail investor, is closing in on a takeover of Cath Kidston, the modern vintage brand recently put up for sale by the owner which bought it out of administration just two years ago.
Sky News has learnt that Hilco, which has owned an array of prominent high street names over the last two decades, has been holding detailed talks about buying Cath Kidston from Baring Private Equity Asia . It was unclear on Tuesday night whether other potential buyers remained in contention to gatecrash the deal, although one source suggested it was effectively Hilco's to lose.Cath Kidston collapsed into administration in 2020 with the loss of nearly 1,000 jobs.BPEA recently instructed advisers at PricewaterhouseCoopers to find a new owner for the now wholesale-led company.
Cath Kidston, which was established by its eponymous founder in 1993, became a high street fixture with scores of standalone shops.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What is the PKK, and why is Turkey holding up NATO expansion?Turkey’s president, Recep Tayyip Erdogan, has sworn to block membership bids by Finland and Sweden, accusing them of harbouring terrorists
Read more »
John Mason branded 'offensive' after branding abortion clinics 'conveyer belts'John Mason has been branded 'offensive' after the SNP MSP claimed women entering abortion clinics 'effectively found themselves on a conveyor belt'
Read more »
Meet The New-Gen Scandi Designers Backed By Copenhagen Fashion Week’s New Talent IncubatorA. Roege Hove, P.L.N. and Latimmier are to brands to watch.
Read more »
Meghan Markle's 9 workout and wellness secrets to stay fit and healthyHow does the Duchess of Sussex maintain a healthy active lifestyle? Meghan Markle's health and fitness secrets revealed, including yoga, meditation and pilates.
Read more »
Bolu Babalola’s 'Honey & Spice' Is a Deliciously Modern Love StoryBolu Babalola's 'Honey & Spice' is a deliciously modern love story 📝: cadylang
Read more »
Spec Ops is the downed soldier that Modern Warfare 2 needs to reviveForget Left 4 Dead-style hordes – Modern Warfare 2 co-op needs classic Spec Ops
Read more »