Edward Rosenfeld, president and executive director of Steve MaddenHe commented: “With this acquisition, we are excited to add Kurt Geiger London, a brand that has exhibited exceptional growth in recent years. The unique brand image of Kurt Geiger London, high quality styles and the declaration declaration and the convincing value proposal have promoted success in multiple categories of products, directed by bags. Its differentiated and high positioning within the market, and its alignment with our strategic expansion initiatives in international markets, accessories and direct channels to the consumer, make this a highly attractive and complementary addition to our portfolio. “
Neil Clifford, CEO of Kurt GeigerHe added: “We could not be more proud of the progress that our team has achieved in recent years in the construction of Kurt Geiger London in a fashion brand worldwide. It has been gratifying to see how consumers have responded to our unique design aesthetics and a strong British DNA. While we have provided remarkable growth in recent years, we believe that we are in the early stages of our growth trip, with important expansion opportunities available for us.
Steve Madden is acquiring Kurt Geiger based in the United Kingdom for £ 289 million (~ $ 364 million). The Edward Rosenfeld CEO highlighted the strong brand and growth potential of Kurt Geiger, aligning with Steve Madden's global expansion strategy. The Kurt Geiger CEO, Neil Clifford, sees Steve Madden as the ideal partner for greater growth. The agreement includes the Kurt Geiger London, Kg Kurt Geiger and Carvela brands.
Steve Madden, creative and design and design chief of Steve MaddenHe commented: “When I started this company in 1990, I never dreamed that we would be where we are today. Having Dolce Vita, one of the most commented brands in the United States, Betsey Johnson and Atm Collection, and now being able to associate with Kurt Geiger, is one of the great achievements of my career. The brand is better every year, and the opportunity to collaborate with them is exciting. I put chicken skin just to think about it. “
In addition to Kurt Geiger London, Kurt Geiger's brand portfolio includes KG Kurt Geiger and Carvela. Kurt Geiger also operates footwear concessions within the luxury and premium department stores in the United Kingdom, including Harrods and Selfridges, where he sells his own third -party and third -party brands. For the twelve months ended on February 1, 2025, Kurt Geiger had estimated revenues of approximately 400 million (~ $ 504 million).
Note: The holder, the ideas and the image of this press release may have been refined by Fiber2Fashion staff; The rest of the content remains unchanged.
Fiber2Fashion News Desk (RM)
