Fashion and homewares designer Cath Kidston is reported to be negotiating to sell her business in a deal that values the company at approximately £100m.
It is thought that Kidston will sell only part of her stake to US buyout firm TA Associates, but that many of the company’s other shareholders will sell their shares.
Kidston opened her first shop in 1993. She now has around 30 stores and concessions in the UK, as well as stores in Ireland and Japan and hopes to expand further in Japan as well as in South Korea, China and Hong Kong.
The company grew sales to £31.3m in its last financial year, and increased pre-tax profits by 61% to £4.6m.