Cath Kidston Limited

Cath Kidston Limited
Limited company
Industry Home furnishing
Founded 13 April 1993 (1993-04-13)
Founder Cath Kidston
Headquarters London, England
Website www.cathkidston.co.uk

Cath Kidston Limited is an international chain of home furnishing retail stores based in England, registered with Companies House, number 02808583, on 13 April 1993.[1]

Designer Cath Kidston opened her first shop in London's Holland Park in 1994,[2] selling hand-embroidered tea-towels and brightly renovated furniture.[3] She later described it as just a "glorified junk shop".[3] In April 2011, there were 41 shops and concessions in the UK, two in the Republic of Ireland, eleven in Japan and three in Korea.[2] Less than three years later, there were 136 outlets, including a flagship store on Piccadilly next to Fortnum & Mason and four stores in China.[4] Appearing on BBC Radio 4's Desert Island Discs programme, she described her shops as provoking a 'Marmite reaction': "People either love it and want a little bit of it very much, or want to stab us.".[5]

The company's profits jumped more than 60 per cent from £2.9million to £4.6million in the year to March 2009.[3] Sales rose to £31.3m during the period, compared with £19.3m the year before,[3] partly due to new store openings.[3]

In 2010, Cath Kidston sold a majority stake of the company to private equity investors TA Associates,[6] retaining a minority stake and remaining the company's Creative Director.[6]

In October 2016, TA Associates sold its stake to Baring Private Equity Asia for an undisclosed amount. The transaction saw chairman Paul Mason replaced by William Flanz, former chairman and executive of Gucci Group.[7]

References

  1. ↑ "CATH KIDSTON LIMITED: OpenCorporates". OpenCorporates. 2011-03-11. Retrieved 29 April 2011.
  2. 1 2 "About Cath Kidston". Cath Kiston Limited. Archived from the original on 2 January 2011. Retrieved 29 April 2011.
  3. 1 2 3 4 5 Hale, Beth (2010-02-23). "Cath Kidston to pocket £30m from sale of brand 20 years after shop assistant created famous nostalgic designs". Mail Online. London. Retrieved 29 April 2011.
  4. ↑ Garside, Juliette (6 December 2013). "Cath Kidston could fetch up to £250m". The Guardian. Retrieved 14 April 2014.
  5. ↑ "Desert Island Discs: Cath Kidston | BBC". BBC. 2010-04-29. Retrieved 29 April 2011.
  6. 1 2 Hall, James (2010-12-05). "Cath Kidston plans Far East push - Telegraph". The Daily Telegraph. London. Retrieved 29 April 2011.
  7. ↑ Vandevelde, Mark (2016-10-03). "Cath Kidston sold to Baring Asia". Financial Times. ISSN 0307-1766. Retrieved 2016-10-04.

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