The parent company of Kurt Geiger is preparing to hoist a ‘for sale’ sign above the luxury retailer, with a £400m price tag.
According to Sky News, private equity firm Cinven has hired advisors at Bank of America to handle a potential auction.
Sources told the publication that the sale process was expected to take place in the coming months and could attract interest from other buyout firms and luxury goods groups.
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It comes as Kurt Geiger, which has been owned by Cinven since 2015, is currently embarking on a US expansion of standalone stores to sit alongside its wholesale partnerships with Dillard’s and Nordstrom.
The retailer announced a £150m debt deal in June to fund its strategy and refinance its existing borrowings.
Late last month, Kurt Geiger unveiled its new 2,916sq ft Oxford Street flagship store featuring a novel concept that “celebrates London’s creativity and individuality”.
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