New York-based luxury footwear company Steve Madden is set to acquire UK brand Kurt Geiger for $360 million from ownership under the firm Cinven.
Kurt Geiger is a luxury footwear and accessories brand which has expanded globally and has outlets in the US, UK, Europe, Middle East and Asia.
“Kurt Geiger London’s unique brand image, high-quality and statement-making styles, and compelling value proposition have driven success across multiple product categories, led by handbags.”
Kurt Geiger CEO Neil Clifford added: “We are incredibly grateful to Cinven for their support and partnership.”
“Their experience and expertise have been instrumental in creating value for Kurt Geiger, helping us to transform and strengthen the business.
“We have successfully implemented new strategies and broadened our product offering, all whilst staying true to our brand identity. As we step into this next exciting phase, we do so with a strong foundation.”
This addition is set to expand and solidify Steve Madden’s strong global presence, with over 255 locations across different countries.
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