Wednesday, February 20, 2019

Kurt Geiger struts to the top with 242% pre-tax profit increase


Upmarket shoe retailer Kurt Geiger has revealed a stellar 242% increase in pre-tax profits to £11.3m for the year to December 31, 2014.

Overall turnover for the year was £251.8m, up 15.4%, while gross profit increased by 15% to £133m. During the period the number of UK employees increased from 1,775 to 1,805.

Earlier this year, Kurt Geiger‘s backers and managers at US private equity firm Sycamore Partners hired bankers at Goldman Sachs to calculate the sale of part or all of the business.

On the back of the premium retailer‘s success Lion Capital, the former owner of Jimmy Choo, is the most recent firm rumoured to be forecasting a £250m takeover.