THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Kurt Geiger acquired by private equity firm Cinven

Luxury footwear retailer Kurt Geiger is to be acquired by private equity firm Cinven from Sycamore Partners for an undisclosed sum.

GENERAL MERCHANDISE

Kurt Geiger acquired by private equity firm Cinven

Luxury footwear retailer Kurt Geiger is to be acquired by private equity firm Cinven from Sycamore Partners for an undisclosed sum.

With headquarters in London, Kurt Geiger’s portfolio of brands includes Kurt Geiger London, KG, Miss KG and Carvela.

In a statement, Cinven said it regarded Kurt Geiger as a highly attractive investment opportunity with further opportunities for expansion through in-market consolidation, the retailer’s digitisation strategy and international growth, including a further rollout across Asia and Australia.

Maxim Crewe, partner at Cinven, said: “Kurt Geiger represents an exciting opportunity to acquire the UK’s leading women’s footwear and accessories company with significant international growth and consolidation opportunities. The business enjoys an attractive specialist retail model with multiple brands and routes to market. It is led by a strong, experienced and committed management team and we are looking forward to working with them to achieve the next phase of growth under Cinven’s ownership.”

Kurt Geiger’s management team members, led by chief executive Neil Clifford, chief financial officer Dale Christilaw, and creative director Rebecca Farrar-Hockley, will continue in their roles under Cinven’s ownership.

Clifford said: “We are delighted to be welcoming Cinven as our partners as they share our long term vision for the business. Our ambitions are significant and we believe Kurt Geiger will continue its successful track record of delivering strong growth both domestically and on the international stage.”

The retailer operates over 80 stores globally and 240 concessions in department stores such as Harrods, Selfridges, House of Fraser and Debenhams. It also operates third party concessions, owned and international franchised stores and a number of ecommerce sites.

In the year ended 31 December 2014 Kurt Geiger generated sales of £260 million.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process