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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Next buys Cath Kidston brand for £8.5m with remaining UK stores to close

Cath Kidston Next United Kingdom PwC
People walk past a Cath Kidston store in London.
PwC is set to close the four remaining UK Cath Kidston stores once stock is sold off. Photograph: Stefan Wermuth/Reuters

Next has bought the Cath Kidston brand name for £8.5m, after the vintage-inspired British retailer fell into administration for the second time in two years.

It is understood that about 125 jobs are at risk as administrators from PricewaterhouseCoopers are set close the four UK Cath Kidston stores – in London, Ashford, Cheshire Oaks and York – once stock is sold off. The brand’s website is also being licensed back to the administrators for 12 weeks.

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