Cath Kidston valued at £75mCath Kidston has been valued at £75m which means that the founder's share (she still holds 30% of the company) is worth a wopping £25million Cath Kidston started her company 17 years ago and can now lay claim to a brand as iconic as Laura Ashley. Sales have continued to grow over the last 18 months and profits soared over the last 2 years from 19m to 31m as stores openings increased. More importantly her profit went from just under £3m to £4.6m at a time when most high street stores were struggling This is all heartening news for all of us who have started a company and have just struggled through the worst recession for 70 years, but it also says something about the value of a brand. As a soft and knitted toy wholesaler we do not spend a huge amount of time on our branding, and infact we do not even have a logo. We very much rely on our reputation for unique products and great service but perhaps all this will need to change. Especially if we want to take home £25m each in 10 years! | ||
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