Sales boost for Cath Kidston

<p>Cath Kidston has recorded an increase in sales.</p>

Sales are up at fashion and homewares retailer Cath Kidston, the firm has announced.

The company revealed in its latest financial update that its group sales in the year to the end of March 2013 were up by 19 per cent.

This meant that the firm was able to exceed £100 million for the first time and chief executive Kenny Wilson claimed the business will carry on expanding in the near future.

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

Cath Kidston – which has been majority-owned by private equity firm TA Associates since 2010 – is now planning to open flagship stores in London and Shanghai by the end of the year.

Earlier this summer, Cath Kidston announced that it had teamed up with BT Expedite & Fresca, BT’s multichannel retail specialist business, to design and launch a new website for the firm.

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