Steve Madden is making a bold stride into the international luxury footwear market, announcing Thursday its $361 million acquisition of British brand Kurt Geiger. The move, backed by Travers Smith LLP and Foley & Lardner LLP, positions the Nasdaq-listed U.S. retailer for a stronger foothold in European markets while adding a brand known for its fashion-forward, statement-making designs.
The deal, valued at £289 million inclusive of debt, will see Steve Madden acquire Kurt Geiger from private equity group Cinven, pending regulatory approvals. The companies expect the transaction to close by June 2025.
A Strategic Fashion Power Move
With approximately 70 standalone stores and a presence in luxury department stores like Harrods, Kurt Geiger has built a strong midrange luxury reputation, boasting a £400 million estimated revenue for 2024. Its three key brands—Kurt Geiger London, KG Kurt Geiger, and Carvela—have fueled its growth, making it an attractive addition to Steve Madden’s growing empire.
Steve Madden, headquartered in Long Island, New York, is known for its trend-driven footwear and accessories portfolio, which includes Dolce Vita, Betsey Johnson, and Mad Love. The company also licenses brands such as Anne Klein and Superga.
