// Hilco considers Cath Kidston takeover after the retailer was put up for sale
// Hilco has owned an array of prominent high street names over the last two decades
Cath Kidston is close to being taken over by retail investor Hilco, after the brand was recently put up for sale.
Hilco has owned an array of prominent high street names over the last two decades, has been holding talks about acquiring Cath Kidston from Baring Private Equity Asia (BPEA), Sky News reported.
It was unclear on Tuesday 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 PwC to find a new owner for the fashion retailer.
Cath Kidston was forced into administration in April 2020.
BPEA, which took full control of Cath Kidston in 2016, struck a pre-pack insolvency deal which entailed the closure of its entire UK high street estate.