Baring Private Equity Asia said it has acquired a stake in the UK's Cath Kidston, the latest private equity firm to see opportunities in helping western brands expand in Asia.
Baring Asia bought the shares in the clothing to home furnishings retailer famous for its chintzy fabrics from another private equity firm, US-based TA Associates, and from the company’s management.
“With strong underlying trends in consumer demand across Asia, we look forward to further developing the brand across the region”, said Dar Chen, a managing director at Baring Asia.
Western brands are keen to sell to Asia’s emerging...
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