LONDON — Retail veteran Marty Wikstrom has joined the board of Cath Kidston Group Limited as a non-executive director.
Her appointment follows the majority acquisition of the retro-inspired British lifestyle brand by Baring Private Equity Asia and the appointment of William Flanz as chairman.
Wikstrom is a founding partner of Atelier Fund, which acquires and develops luxury brands. She currently sits on the boards of brands including Fortnum & Mason, Johnstons of Elgin and The Rug Company. Previously, she was a non-executive director of Bally International and Space NK.
She was formerly chief executive officer of the fashion and accessories division of Compagnie Financière Richemont, and served as managing director of Harrods. She began her career at Nordstrom, where she spent 19 years, starting as a part-time sales assistant and eventually becoming president of the full-line stores group.
Flanz said Wikstrom’s “knowledge and experience leading luxury and retail brands will be a valuable addition as we continue Cath Kidston’s fast-paced global expansion.” Since 2003, Flanz has served as senior advisor to Baring Asia, one of the largest independent private equity firms in Asia.
He is the former chairman and ceo of Gucci Group NV, and replaced Paul Mason in the chairman’s role at Cath Kidston.
Last week, Cath Kidston opened its first store in India, marking its entry into the country.
The store is located in Delhi, on Ambience Gurgaon. A second store is slated to open on Select City Walk, with further expansion planned in Mumbai’s Grand Galleria before the end of the year.
The store opening follows a franchise agreement signed earlier this year between Cath Kidston and Planet Retail Holding Private Limited. The group plans to increase the number of stores across India over the next few years.
The brand has recently opened new international stores in Sendai and Sapporo in Japan and units are planned for Qatar and the UAE.
Wikstrom said she relished the opportunity to join the brand “at such a pivotal time in its growth.”
The British brand has more than 225 stores including a flagship on Piccadilly in London.