Published 10 days ago • loading... • Updated 8 days ago

Private equity firm Cinven agrees to sell shoe brand Kurt Geiger for £289mn

Summary by Financial Times

Price secured from Steve Madden is 18 per cent above the price paid by the buyout firm a decade ago

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Financial Times

Private equity firm Cinven agrees to sell shoe brand Kurt Geiger for £289mn

Price secured from Steve Madden is 18 per cent above the price paid by the buyout firm a decade ago

10 days ago·London, United Kingdom

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csimarket.com

#Steve Maddens Strategic Leap: Acquiring Kurt Geiger for Fashion Forward Growth in a Competitive Market

In a bold move signaling its growth trajectory and commitment to expanding its footprint in the global footwear market, Steve Madden Ltd. (NASDAQ: SHOO) has announced a definitive agreement to acquire UK-based fashion brand Kurt Geiger. The acquisition comes at an enterprise value of approximately $289 million in cash, marking a significant investment for Steve Madden as it seeks to enhance its product offerings and market reach. Understanding t…

8 days ago

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Legal Desire

Freshfields advises Cinven on sale of Kurt Geiger to Steve Madden

Global law firm Freshfields is advising international private equity firm Cinven on its agreement to sell Kurt Geiger, a global footwear, handbag and accessories brand, to Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear, accessories and apparel. The transaction is subject to regulatory approvals and other customary closing conditions. Kurt Geiger is a global footwear, handbag and accessories brand headquartered i…

9 days ago

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Retail Sector

Steve Madden acquires Kurt Geiger for £289m

Steve Madden has agreed to acquire UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of approximately £289m in cash. In addition to Kurt Geiger London, the brand’s portfolio includes KG Kurt Geiger and Carvela. Kurt Geiger also operates footwear concessions within luxury and premium department stores in the UK, including Harrods and Selfridges, where it sells both its own and third-party …

9 days ago

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Private Equity Wire

Cinven agrees £289m sale of Kurt Geiger to Steve Madden

Private equity firm Cinven has agreed to sell Kurt Geiger, the global footwear, handbag, and accessories brand which opened its first store on London’s Bond Street in 1963, to Steve Madden, for a reported £289m, subject to regulatory approvals and other customary closing conditions. Today Kurt Geiger (KG) operates a diverse omni-channel distribution approach, with more than 70 stores across the UK and US, and has a presence in each of Europe, th…

9 days ago

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retail-insight-network.com

Steve Madden agrees to buy UK brand Kurt Geiger for $360m

US footwear, accessories, and apparel retailer Steve Madden has agreed to acquire UK-based luxury brand Kurt Geiger.The post Steve Madden agrees to buy UK brand Kurt Geiger for $360m appeared first on Retail Insight Network.

9 days ago

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