Steve Madden acquires Kurt Geiger brand - footwearbiz: Leading site fo

News

Steve Madden acquires Kurt Geiger brand

17/02/2025
Steve Madden acquires Kurt Geiger brand
US based brand Steve Madden has announced it will acquire UK-based fashion brand Kurt Geiger for approximately £289 million ($363 million) in cash.

The acquisition is expected to be finalised in the second quarter of 2025, subject to regulatory approvals and other standard conditions. Steve Madden’s board has unanimously approved the transaction, which will be funded through a mix of debt financing and cash reserves.

Founded in 1963 on London’s Bond Street, Kurt Geiger has grown into a global brand, operating around 70 stores worldwide and managing concessions in major department stores, including Harrods and Selfridges. Its brand portfolio includes Kurt Geiger London, KG Kurt Geiger, and Carvela. For the fiscal year ending February 1, 2025, Kurt Geiger’s estimated revenue was £400 million ($503 million).

Steve Madden CEO Edward Rosenfeld praised Kurt Geiger’s brand identity and market positioning, highlighting its alignment with Steve Madden’s strategic goals in expanding international markets, accessories, and direct-to-consumer sales channels.

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.