UK retailer Cath Kidston hires UBS to consider options

Cath Kidston, founded by its namesake in 1993 and known for its floral prints, is growing rapidly and plans to capitalize on the international appeal of its brand.

It currently trades from 59 stores and concessions in the UK and Ireland and 54 across Spain, Japan, South Korea, Thailand, Taiwan, Hong Kong and China.

“In these circumstances it is prudent that the company and its owners should carefully assess the options available to take the company through the next stage in its evolution and UBS has been appointed to help,” it said.

Earlier, Sky News reported that TA Associates, which bought a majority stake in Cath Kidston in 2010, is planning to put the company on the market in 2014 and is expected to seek over 250 million pounds ($408 million).

James Davey is a reporter for Reuters News in London