Homewares and fashion retailer Cath Kidston has revealed a jump in profits as it outlines plans for expansion in the Far East.
The retailer experienced a 65% surge in pretax profits to £7.6m in the year to March 28. Turnover soared 61% to £50.3m, according to the Sunday Telegraph.
The retailer will open two shops and a concession in Korea next year, and is mulling stores in China, Taiwan and Hong Kong.
Cath Kidston has flourished as the trend for floral patterns has blossomed. The retailer now has 36 UK stores, including concessions. It aims to open 10 in the current financial year.
TA Associates bought a majority stake in Cath Kidston in March in a deal worth about £100m.
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