Business

Cath Kidston sales boosted by overseas expansion

There are now 118 Cath Kidston stores worldwide
Image caption There are now 118 Cath Kidston stores worldwide

Fashion and homewares retailer Cath Kidston has seen full-year group sales surge, boosted by rapid expansion of its stores.

The chain, famed for its colourful retro-themed patterns, said group sales in the year to the end of March rose 19% to exceed £100m for the first time.

The retailer opened 33 new shops in the year, taking its total number of outlets to 118 worldwide.

It now has more overseas shops than UK ones.

UK sales were up 21% in the period, while international sales surged by 53%.

Cath Kidston's chief executive, Kenny Wilson, said the business would continue to expand.

"Our strong balance sheet gives us the perfect platform to continue to grow the business globally," he said.

The firm, majority-owned by private equity firm TA Associates since 2010, plans to open two flagship stores later this year, one in London and one in Shanghai.

The retailer, originally founded by Cath Kidston, who remains its creative director, said it was confident about future growth, with its products retaining "broad appeal" across the globe.

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