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Cath Kidston in bid battle as Uniqlo enters race to buy vintage print specialist

Updated: 17:21 EDT, 13 April 2014

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The owners of retailer Cath Kidston will hold out for a bid of more than £250million, after Japanese High Street chain Uniqlo entered the race to buy the vintage print specialist.

Uniqlo’s parent company, Fast Retailing, joined buyout group L Capital – backed by French luxury goods giant LVMH – in the bidding for Cath Kidston.

Bidding war: Cath Kidston has been valued at £250million

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The retailer, which has more shops outside the UK than in this country, has been valued at £250million.

But private equity owner TA Associates is expected to demand more given the level of interest.

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