Neil Clifford, Kurt Geiger chief executive, said: “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 recognisable fashion brand.”.
Cinven said Kurt Geiger, which was founded in London in 1963, has gone from £10 million to £140 million net turnover in North America in the last four years.
Kurt Geiger is to be sold by its private equity owner Cinven for £289 million to fashion company Steve Madden.
Steve Madden, who founded the New York-based buyer, said buying Kurt Geiger was “one of the great accomplishments of my career”.
“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,” he said.
