Baring PE Asia rescues troubled UK retailer Cath Kidston

Baring PE Asia rescues troubled UK retailer Cath Kidston

London, United Kingdom. Photo: Robert Bye/ Unsplash

Alternative investment major Baring Private Equity Asia (BPEA) has agreed to rescue troubled UK retailer Cath Kidston in a deal that would shutdown 60 stores and leave about 900 people out of work.