Kurt Geiger said to receive bid from former Jimmy Choo owner
According to Sky News, the British footwear brand has seen a number of bidders for Kurt Geiger, which hired Goldman Sachs to explore the sale of part or all of the business earlier this year. Lion Capital, which previously owned the American luxury footwear company Jimmy Choo, is said to have offered on Monday £250 million pounds to takeover Kurt Geiger.
Various media reports said other companies such as LVMH and Advent International have also received financial information about the footwear label.
Kurt Geiger, a premium British label with an extensive customer base, was bought by Jones group in 2011 in a deal worth £215 million, including debt. Following pressure from activist hedge fund manager Barington Capital, Jones Group sold itself to U.S. private equity firm Sycamore Partners, making Sycamore the owner of footwear retailer.
Kurt Geiger, which was founded in 1963 in London, is a leading authority on designer footwear and accessories. It has over 70 stores worldwide, a digital global flagship kurtgeiger.com and operates in concessions within the world's most prestigious department stores.
Copyright © 2023 FashionNetwork.com All rights reserved.