Retailer Cath Kidston has been bought by Hilco Capital, the investment and restructuring firm.
The sale comes after Baring Private Equity Asia, which took full control of the business in 2016, instructed advisers at PwC to find it a new owner.
The retro label relaunched two years ago, after it collapsed into administration with the loss of nearly 1,000 jobs and 60 UK stores. The company has since returned to profitability, with sales of £29m for the year ending March 2022.
