Management buyout for Kurt Geiger
16/04/2014
After buying parent group Jones in December, the private equity firm has gone about splitting up the brands, saying it “will allow each of these businesses to better serve their customers and achieve long-term success”.
It divided the group into four operating companies: the Nine West Group, a yet-to-be-named jeanswear company, Jones New York and the Kasper Group, with Stuart Weitzman and Kurt Geiger becoming independent companies.
Stefan Kaluzny, a managing director of Sycamore Partners, said: "As independent companies, decision-making will be more closely aligned with the needs of the individual brands and our more than 10,000 associates around the world."
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