Cinven has today completed the acquisition of Kurt Geiger, the leading footwear and accessories company and the largest retailer of luxury footwear in Europe, for an undisclosed consideration.
Cinven’s Consumer team identified Kurt Geiger as an attractive investment opportunity based on the growing UK footwear market and further expansion opportunities. These include market consolidation, a fast growing eCommerce offering (including proprietary and concession partners’ websites) and international growth. Kurt Geiger has strong brand equity across multiple brands; the potential to expand its own brand offering into adjacent categories; a proven track record of consistent growth through economic cycles; and a highly regarded management team.
Kurt Geiger represents the 15th investment from Cinven's Fifth Fund.