CK Acquisitions Limited ("Cath Kidston", or “the Company”) in administration - completes sale of Brand, Website and Intellectual Property to Next Retail Limited

Zelf Hussain and Rachael Wilkinson of PwC have been appointed as joint administrators of CK Acquisitions Limited.

On appointment, the joint administrators completed a sale of the brand, website and intellectual property of CK Acquisitions Limited to Next Retail Limited.

Cath Kidston is an e-commerce led, international home furnishing and lifestyle brand with headquarters in London, focussing on quintessentially British handicraft and vintage themed items.

The transaction has been completed as the retail sector continues to be exposed to testing market conditions.  

Zelf Hussain, joint administrator and partner, PwC, said: 

"Cath Kidston is a well loved lifestyle brand founded in 1993 and I am pleased to say that it has been bought by Next who will make sure it continues to flower under their ownership. 

“The company has over recent years navigated through incredibly challenging market conditions including the pandemic restrictions, and most recently the decline in consumer spending driven by cost of living pressures and rising costs. 

“In the short term its four stores will continue to remain open whilst operations are wound down. Sadly, there will be redundancies during this period of wind down and we will continue to support the staff  throughout this period."

The company employs 125 people, with stores in London, Ashford, Cheshire Oaks, and York. These will remain open to trade down stock before closing permanently.