Kurt Geiger said to be exploring possible sale
Kurt Geiger, the British upmarket high street footwear brand, is said to have hired bankers at Goldman Sachs to explore a sale of part or all of the business, according to Sky News.
In 2011, Kurt Geiger was sold to Jones Group, and last year it was bought by private equity firm Sycamore Partners. Days later, Sycamore sold a stake in the company to Kurt Geiger CEO Neil Clifford and other senior managers.
When Jones Group bought Kurt Geiger, the deal was worth £215m. Analysts say the price tag for it now could be £300m, which is roughly equivalent to Kurt Geiger's estimated sales figures last year, Sky News reports.
Kurt Geiger is now expected to appeal to other private equity firms for investing. Another possible alternative is a stock market listing.
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