Flower power continues on the path of global retail domination!

Yesterday saw the announcement that an undisclosed minority stake had been sold in Cath Kidston, the British high street retailer of floral-themed goods, to Baring Private Equity, the Hong Kong-based private equity firm. 

US private equity group TA Associates paid a reported $161m for a majority stake in the company back in April 2010, and whilst the price and stake acquired by Baring has not been disclosed, press reports would suggest that the two investment funds are happy to co-exist and have an equal share in the business. 

Cath Kidston opened her first shop in Holland Park in London back in 1993 and whilst it took until 2005 to have stores outside of London, with Bath being her first foray beyond the capital, the brand has since expanded to have shops in over 12 countries, predominantly in Asia. 

The concept described as “Modern Vintage” by the company itself, or flowers to you and me, clearly strikes a chord with consumers and private equity funds alike in Asia.