UK Markets closed

British retailer Cath Kidston set to appoint administrators - Sky

People walk past a Cath Kidston store in London

LONDON (Reuters) - British vintage retailer Cath Kidston has filed a notice of intention to appoint administrators as part of its attempt to find a buyer, Sky News reported on Saturday.

Sky said the move by the lifestyle retailer did not mean it would automatically fall into administration, a form of creditor protection, but it buys the company breathing space as it tries to secure a sale.

Many retailers are battling for survival in Britain after the coronavirus pandemic forced the closure of most stores.

(Reporting by Kate Holton; Editing by Mark Heinrich)