Next to buy Cath Kidston out of administration – but jobs will be cut

Administrators said that there ‘will be redundancies’ at the business, which currently employs 125 people.

Next has bought fashion and homeware brand Cath Kidston (Nick Ansell/PA) (PA Archive)

High street giant Next has agreed to buy fashion and homeware brand Cath Kidston out of administration, although its remaining stores will be closed and some redundancies will be made.

Next told shareholders it will buy the brand name, domain names and intellectual property for the business for £8.5 million.

CK Acquisitions, the registered company behind Cath Kidston, hired administrators from PwC to oversee the insolvency earlier on Tuesday.