Cath Kidston has announced former Harrods managing director Marty Wikstrom as a new member of its board, joining at non-executive director.
Her appointment comes after Cath Kidston Group’s shareholder Baring Private Equity Asia acquired the equity stake of TA Associates becoming the controlling majority shareholder, which resulted in the departure of the latter’s chairman, Paul Mason.
With over 30 years’ experience in the retail sector, Wikstrom’s CV also includes 19 years at US retailer Nordstrom, where she rose from part-time sales assistant to president of the full-line stores group.
She is also a founding partner of Atelier Fund, which specialises in the acquisition and development of luxury brands and sits on the boards of Fortnum & Mason, Johnstons of Elgin, The Rug Company and Farrow & Ball.
Prior to that, Wikstrom was a non-executive director of Bally International and Space.NK, and the chief executive of Richemont, the world’s second-largest luxury goods company.
Last week, Cath Kidston opened its first store in India and is planning to launch across Latin America.