Cath Kidston taps former Richemont boss as director
Marty Wikstrom, a former Richemont CEO, has joined Cath Kidston’s board as non-executive director.
Ms. Wikstrom is a founding partner of Atelier Fund, which specialises in the acquisition and development of luxury brands. She currently sits on the boards of Fortnum & Mason, Johnstons of Elgin, The Rug Company and Farrow & Ball, and has been a non-executive director at Bally International and Space.NK.
She was also CEO of Richemont Fashion and Accessories between 2009 and 2013. Prior to this, she served as MD of Harrods and was board director of Harrods Holdings, Harrods Estates and Kurt Geiger.
Ms. Wikstrom also spent 19 years at Nordstrom, where she rose to become President of the Full Line Stores Group.
The appointment comes after Baring Asia acquired the equity stake of TA Associates, becoming the controlling majority shareholder of Cath Kidston.
William Flanz, Chairman of Cath Kidston, said: “Marty has over 30 years’ experience in global executive roles and has worked for some of the biggest names in the industry. Her knowledge and experience leading luxury and retail brands will be a valuable addition as we continue Cath Kidston’s fast paced global expansion.”
The British lifestyle brand recently opened its first store in India and appointed its first head of Latin America to lead the expansion into the region.
“The business goes from strength to strength both at home in the UK and abroad,” continued Flanz.
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