Cath Kidston: Next looks set to pick up troubled vintage staple RETAIL SHUFFLE High street giant Next is reportedly in talks to pick up the vintage-inspired Cath Kidston chain. According to reports from Sky News’ Mark Kleinman late on Monday evening, Next – which has been on an acquisition spree in recent months, picking up Made.com and Joules – is set to add the brand to its growing [...]
Cath Kidston returns to the high street with flagship Piccadilly store Cath Kidston has this morning opened a flagship store in Piccadilly, which will be its only physical branch after the retro-inspired retailer fell into administration earlier this year. The retailer closed all of its 60 UK stores in April, resulting in the loss of 900 jobs, after its Hong Kong private equity owner Baring appointed [...]
Cath Kidston closes all stores as part of rescue deal Cath Kidston closes all stores as part of rescue deal Cath Kidston will permanently close all 60 of its stores in the UK under a rescue deal with its Hong Kong-based owner Baring Private Equity Asia (BPEA). The fashion label confirmed that parts of its business had been transferred by administrators following an independent sale process to CK Acquisitions, a company owned by BPEA. Under [...]
Investment behemoth Hilco Capital joins race to snap up Paperchase July 22, 2022 Former HMV-owner Hilco has joined the race to snap up Paperchase, according to City sources.
Next shares plummet as retailer braces investors for a ‘difficult’ year March 29, 2023 Next share price fell 7.44 per cent this morning as it assured investors that it is prepared for a “difficult” year ahead, as soaring inflation looks set to rattle the high street powerhouse. The FTSE 100 listed retailer said that it was budgeting for full price sales to be down slightly by 1.7 per cent [...]
Arcadia and Debenhams eye drastic measures as coronavirus pummels retailers April 5, 2020 The UK’s retail sector is creaking under the weight of coronavirus, with a number of high-profile names such as Debenhams, Cath Kidston and Arcadia Group scrambling to stay viable. Topshop owner Arcadia could walk away from as many as 550 of its stores this week, serving notice to landlords weeks after it shut its physical [...]
Retail bosses square up in £6.5bn bidding war for Asda August 21, 2020 Two veteran UK retail bosses are set to go head-to-head in a dramatic £6.5bn private equity bidding war for supermarket chain Asda. Former Debenhams chief executive Rob Templeman is said to be working with Apollo Global Management, while Paul Mason, who served as Asda boss 20 years ago, has teamed up with Lone Star Funds. [...]
Covid was the final lever for the creative destruction of the high street: it’s not gone, just changing March 8, 2021 If you believe some of the gloomier predictions, the high street is on life support and will breathe its last when the government eventually pulls the plug on the comprehensive Covid relief package that has kept it alive. Last week’s budget offers another lifeline but is, in effect, a stay of execution in a process [...]
JD Sports-owned Go Outdoors on brink of administration, with 2,400 jobs on the line June 21, 2020 Go Outdoors is said to be teetering on the brink of collapse, after the JD Sports-owned retailer was reported to be calling in administrators. JD Sports has lined up Deloitte as administrator to the company, which employs about 2,400 people across 67 stores, according to reports. Go Outdoors, which sells bikes, tents and waterproof clothes, [...]
Boohoo set to swoop for bankrupt Oasis and Warehouse June 16, 2020 Online fashion giant Boohoo is set to announce the purchase of high street brands Oasis and Warehouse, which went bankrupt at the end of April. Sky News reported that the deal could be announced tomorrow when Boohoo releases its first quarter results. When the two brands collapsed into administration on 30 April, with 1,803 redundancies, [...]