Uniqlo parent Fast Retailing is reportedly planning to buy a controlling stake in British homeware retailer Cath Kidston.

The Japanese company is said to have approached PE firm TA Associates to buy its 65 per cent shareholding in the retailer.

Established in 1993, Cath Kidston’s designs are inspired by her nostalgic English country childhood. Adding a little twist in English heritage designs, Cath Kidston combines the old and new styles of coloured prints and patterns giving birth to the design concept of modern vintage.

Private equity firm L Capital, backed by LVMH, is also interested to buy the TA Associates’ equity interests in Cath Kidston.

“The company have been talking to both of them but whether a sale is concluded or not remains to be seen,” a source said.