Steve Madden to Acquire Kurt Geiger for £289M

Author

Slice of Retail Team
February 21, 2025

Key Highlights:

  • Steve Madden acquires UK-based Kurt Geiger for approximately £289M in cash.

  • The acquisition includes Kurt Geiger London, KG Kurt Geiger, and Carvela brands.

  • Kurt Geiger generated an estimated £400M in revenue for the twelve months ended February 1, 2025.

  • Transaction aligns with Steve Madden’s strategy to expand internationally and grow its accessories and direct-to-consumer business.

  • Deal expected to close in Q2 2025, subject to regulatory approvals.

Notable Quotes:

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"With this acquisition, we are excited to add Kurt Geiger London, a brand that has exhibited exceptional growth. Its differentiated and elevated positioning within the market makes this a highly attractive and complementary addition to our portfolio."

Edward Rosenfeld, Chairman & CEO at Steve Madden
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"We’ve built Kurt Geiger London into a globally recognizable brand, and we believe Steve Madden is the right strategic partner to help us reach our potential."

Neil Clifford, CEO at Kurt Geiger
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"The opportunity to collaborate with Kurt Geiger is thrilling. I get goosebumps just thinking about it."

Steve Madden, Founder & Creative and Design Chief at Steve Madden

Why This Matters:

This acquisition marks a strategic expansion for Steve Madden into the UK and European luxury footwear market. By adding Kurt Geiger to its brand portfolio, Steve Madden strengthens its position in international markets and premium accessories, aligning with its broader growth strategy. The deal not only enhances Steve Madden’s global presence but also reinforces its commitment to direct-to-consumer sales and diversified brand offerings.