Date: March 2023
Target: Cath Kidston (in administration)
Business: Floral Fashion
Value: £8.5 million
Details: Next has rescued the Cath Kidston brand in a pre-pack deal worth £8.5 million. The deal comes after the business fell into administration for the second time in years with approximately 125 jobs at risk as administrators set to close four UK Cath Kidston stores – in London, Ashford, Cheshire Oaks and York – once stock is sold off.