Steven Madden Acquires Kurt Geiger for $360 Million
Steven Madden Ltd. has completed the acquisition of luxury footwear and accessories brand Kurt Geiger Ltd. from private equity firm Cinven for approximately £289 million ($360 million) in cash.
Founded in London in 1963, Kurt Geiger operates under several sub-brands including KG Kurt Geiger and Carvela. The company maintains concessions in prestigious department stores such as Harrods and Selfridges in the UK.
As of February 1, 2025, Kurt Geiger reported estimated revenue of £400 million.
Steven Madden, a footwear retailer with a market capitalization of around $2.7 billion, intends to finance the transaction through a combination of debt and cash on hand.
Solomon Partners acted as financial advisor to Steven Madden, while Cinven was advised by Bank of America Corp. and Kinmont advised Kurt Geiger's senior management.