{"id":424,"date":"2025-02-13T14:00:00","date_gmt":"2025-02-13T14:00:00","guid":{"rendered":"https:\/\/andreeamelinti.com\/?p=424"},"modified":"2026-03-06T20:19:02","modified_gmt":"2026-03-06T20:19:02","slug":"steve-madden-expands-global-portfolio-with-289m-kurt-geiger-acquisition","status":"publish","type":"post","link":"https:\/\/andreeamelinti.com\/?p=424","title":{"rendered":"Steve Madden expands global portfolio with \u00a3289m Kurt Geiger acquisition"},"content":{"rendered":"\n
Steve Madden has announced its acquisition of UK-based footwear and accessories brand Kurt Geiger in a deal valued at approximately \u00a3289m.<\/em><\/strong><\/h5>\n\n\n\n

The transaction sees the US fashion powerhouse acquire the British brand from private equity firm Cinven, as it looks to strengthen its international presence and expand its portfolio of accessories.<\/p>\n\n\n\n

The acquisition brings Kurt Geiger London – known for its distinctive British DNA and statement-making styles – under the Steve Madden umbrella, alongside brands such as Dolce Vita, Betsey Johnson, and ATM Collection. The move aligns with Steve Madden\u2019s broader strategy of expanding into high-growth international markets, strengthening its accessories division, and increasing its direct-to-consumer footprint.<\/p>\n\n\n\n

\u201cWe are excited to add Kurt Geiger London, a brand that has exhibited exceptional growth over the last several years,\u201d said Edward Rosenfeld, chairman and CEO of Steve Madden. \u201cIts unique brand image, high-quality craftsmanship, and compelling value proposition have driven success across multiple categories, led by handbags.\u201d<\/p>\n\n\n\n

Kurt Geiger, which operates footwear concessions in luxury UK department stores such as Harrods and Selfridges, has seen rapid growth in recent years. The company\u2019s portfolio includes KG Kurt Geiger and Carvela, in addition to its namesake label. With estimated annual revenues of \u00a3400m, CEO Neil Clifford believes the brand is still in the early stages of its global expansion. \u201cWith its global infrastructure and proven track record of supporting brands, we believe Steve Madden is the right strategic partner to help us reach our potential,\u201d Clifford said.<\/p>\n\n\n\n

Steve Madden intends to finance the acquisition through a mix of committed debt financing and existing cash reserves. The deal has been unanimously approved by the Steve Madden board and is expected to close in the second quarter of 2025, subject to regulatory approvals.<\/p>\n\n\n\n

Advisors on the transaction include Solomon Partners, Travers Smith LLP, and Foley & Lardner LLP for Steve Madden, while BofA Securities and Freshfields LLP represented Cinven. Kurt Geiger\u2019s senior management was advised by Kinmont and Addleshaw Goddard LLP.
<\/p>\n\n\n\n

Originally published here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Steve Madden has announced its acquisition of UK-based footwear and accessories brand Kurt Geiger in a deal valued at approximately \u00a3289m. The transaction sees the US fashion powerhouse acquire the British brand from private equity firm Cinven, as it looks to strengthen its international presence and expand its portfolio of accessories. The acquisition brings Kurt Geiger […]<\/p>\n","protected":false},"author":2,"featured_media":425,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[19],"tags":[18,12,10],"class_list":["post-424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio","tag-business","tag-fashion","tag-news"],"jetpack_publicize_connections":[],"yoast_head":"\nSteve Madden expands global portfolio with \u00a3289m Kurt Geiger acquisition - Andreea Melinti Steve Madden expands global portfolio with \u00a3289m Kurt Geiger acquisition<\/title>\n<meta name=\"description\" content=\"Steve Madden has announced its 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