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Cath Kidston attracts further suitors for potential sell-off

British lifestyle brand Cath Kidston is assessing takeover options, with three buyers emerging for a potential £250m sale.

Kenny Wilson, chief executive of Cath Kidston, confirmed the company is in “active discussions” with three businesses, according to The Telegraph.

One of the parties is understood to be private equity group Warburg Pincus, but previous suitor Uniqlo is said to now be out of the running.

Cath Kidson majority owner TA Associates has hired investment bank UBS to look at its options for a sale.

TA Associates owns 65% of the company, while the eponymous founder owns 23%, and management the remainder.

A potential £250m price tag has been attached to the company, which was set up by Kidston in 1993. It began life as a single store in Holland Park, west London. Cath Kidston has 66 stores in the UK and 100 overseas, having opened its first shop outside the UK in Tokyo in 2006.

The company announced its results for the year ending March 30 2014 this week. It posted a 10% increase in global group sales to £116m. International sales did particularly well, increasing by 37% to £46m. The business opened 42 new stores during the period.

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