Steve Madden (Nasdaq: SHOO), a number one designer and marketer of style footwear, equipment and attire, introduced that it has entered right into a definitive settlement to accumulate UK-based Kurt Geiger from a gaggle led by worldwide personal fairness agency Cinven for an enterprise worth of roughly £289 million (~$364 million) in money.
Edward Rosenfeld, Chairman and Chief Government Officer of Steve Madden, commented, “With this acquisition, we are excited to add Kurt Geiger London, a brand that has exhibited exceptional growth over the last several years. 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. Its differentiated and elevated positioning within the market – and its alignment with our strategic initiatives of expanding in international markets, accessories categories and direct-to-consumer channels – make this a highly attractive and complementary addition to our portfolio.”
Neil Clifford, CEO of Kurt Geiger, added, “We couldn’t be prouder of the progress our team has made over the last few years in building Kurt Geiger London into a globally recognizable fashion brand. It’s been gratifying to see how consumers have responded to our unique design aesthetic and strong British DNA. While we’ve delivered remarkable growth in recent years, we believe we are in the early stages of our growth journey, with significant expansion opportunities available to us. With its global infrastructure and proven track record of supporting and growing its brands, we believe Steve Madden is the right strategic partner to help us reach our potential.”
Steve Madden is buying UK-based Kurt Geiger for £289 million (~$364 million).
CEO Edward Rosenfeld highlighted Kurt Geiger’s robust model and development potential, aligning with Steve Madden’s international growth technique.
Kurt Geiger CEO Neil Clifford sees Steve Madden as the perfect associate for additional development.
The deal contains manufacturers Kurt Geiger London, KG Kurt Geiger, and Carvela.
Steve Madden, Founder and Artistic and Design Chief of Steve Madden, commented, “When I started this company in 1990, I never dreamed we would be where we are today. Owning Dolce Vita, one of the most talked about brands in America, Betsey Johnson and ATM Collection, and now being able to partner with Kurt Geiger, is one of the great accomplishments of my career. The brand is doing better and better every year, and the opportunity to collaborate with them is thrilling. I get goosebumps just thinking about it.”
Along with Kurt Geiger London, Kurt Geiger’s model portfolio contains KG Kurt Geiger and Carvela. Kurt Geiger additionally operates footwear concessions inside luxurious and premium shops in the UK, together with Harrods and Selfridges, the place it sells each its personal and third-party manufacturers. For the twelve months ended February 1, 2025, Kurt Geiger had estimated income of roughly £400 million (~$504 million).
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