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Cath Kidston plans Far East push as profits soar

Fashion-to-furnishings retailer Cath Kidston has revealed a jump in profits and outlined plans for expansion in the Far East.

The retailer experienced a 65% surge in pre-tax profits to £7.6m in the year to March 28. Turnover soared 61% to £50.3m, according to the Sunday Telegraph.

The retailer will open two stores and a concession in Korea next year, and is mulling stores in China, Taiwan and Hong Kong.

Cath Kidston flourished off the back of a strong trend for floral patterns.  The retailer has 36 UK stores, including concessions. It aims to open 10 in the current financial year.

TA Associates bought a majority stake in Cath Kidston in March in a deal worth about £100m.

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