Kurt Geiger owner mulls selling retailer to US group for £450m

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Kurt Geiger
// Cinven, owner of Kurt Geiger, has had unofficial chats with potential buyers
// Steve Madden, Michael Kors & Coach are said to be involved in early discussions about a deal
// Cinven acquired Kurt Geiger for £245m in 2015

Kurt Geiger parent company Cinven is considering selling the British footwear and accessories retailer to a US fashion group for £450 million.

Cinven has held unofficial “fireside chats” with possible buyers, according to The Telegraph.

Other fashion retailers such as Steve Madden, Michael Kors and Coach are said to be involved in early discussions about a deal.

Cinven had acquired Kurt Geiger for £245 million in 2015 from another private equity firm, Sycamore Partners.

In 2017, the retailer generated sales of £330 million – an increase of 12 per cent.

Since being acquired by Cinven, Kurt Geiger has expanded internationally and become less reliant on the UK market.

Kurt Geiger currently has over 320 stores and concessions, including in Harrods and Selfridges, and employs about 1300 staff.

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