According to reports, fashion retailer Next is currently engaged in discussions to acquire troubled brand Cath Kidston. The deal is expected to be finalized soon, and an official announcement may be made as early as Tuesday. Next has been actively expanding its range of struggling brands, following the footsteps of retail competitors Frasers Group and M&S. In recent times, Next has successfully acquired other struggling brands such as Joules and Made.

Cath Kidston, which has been under the ownership of Hilco Capital for almost a year, has been actively looking for a buyer for its business. The brand faced numerous challenges during the pandemic, leading to the closure of several stores and resulting in job losses. However, despite these setbacks, Cath Kidston has displayed signs of improvement. The company has witnessed strong performance and has experienced an increase in orders from both franchisees and wholesale partners.

In line with our expansion strategy, Next is considering the potential acquisition of Cath Kidston. The brand’s impressive rebound and promising outlook have caught the attention of Next, making it an attractive investment opportunity. If the deal is finalized, Next would join a growing list of retailers seeking to capitalize on struggling brands and revive them under new ownership.

(Useful links: Next official website, Cath Kidston official website)