Cath Kidston permanently shuts all 60 UK stores costing more than 900 jobs

mirror.co.uk:

Cath Kidston will shut all 60 of its UK stores with the loss of more than 900 jobs. The fashion has confirmed its stores will not reopen once the coronavirus lockdown is over after the company's owners secured a deal to buy back its brand and online operations following its fall into administration.

Baring Private Equity Asia (BPEA), which has held a stake in the retailer since 2014, said it will buy the online business, brand and wholesale arm from administrators Alvarez & Marsal.

It said the move will result in the "cessation of the retail store network". Just 32 of its 940 staff will see their jobs secured as part of the deal.