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Uniqlo, LVMH eye Cath Kidson acquisition

Uniqlo parent company Fast Retailing is eyeing up British lifestyle retailer Cath Kidson as a possible acquisition.

The Japanese company is thought to be just one of a handful of suitors that includes L Capital, the private equity firm sponsored by LVMH, according to The Telegraph. Both conversations are believed to have started following a move by Cath Kidson majority owner TA Associates to hire investment bank UBS to examine strategic options.

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 its eponymous founder in 1993 when it began life as a single store in Holland Park, west London.

Cath Kidston has 61 stores in the UK and 75 overseas, having opened its first shop outside the UK in Tokyo in 2006. The retailer now has 33 stores in Japan.

Fast Retailing was recently linked to US retailer J Crew.

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