Steve Madden Acquires British Luxury Brand Kurt Geiger for $360 Million

The New York-based fashion company expands its global footprint with the purchase of the iconic UK brand known for its footwear and accessories.

Steve Madden will acquire Kurt Geiger from private equity firm Cinven in an all-cash deal valued at £289 million ($360 million).
Kurt Geiger, founded in London in 1963, operates over 70 stores across the UK, US, and other international markets, with products also sold in high-end department stores like Harrods and Selfridges.
The acquisition follows Kurt Geiger's significant growth in North America, where its turnover increased from £10 million to £140 million over the past four years.
Steve Madden plans to fund the deal with a mix of cash on hand and debt, with the transaction expected to close in the second quarter of 2025.
Kurt Geiger generated approximately £400 million in revenue over the past year, and its leadership sees substantial opportunities for further global expansion under Steve Madden's ownership.