Leadership Sees Growth Potential
Steve Madden CEO Edward Rosenfeld hailed the deal as a strategic leap, highlighting Kurt Geiger’s “exceptional growth, unique brand identity, and compelling value proposition.”
“Kurt Geiger’s high-quality, statement-making styles have driven success across multiple categories, especially handbags,” Rosenfeld said.
Meanwhile, Kurt Geiger CEO Neil Clifford emphasized that the brand is still in the “early stages of its growth journey”, adding that Steve Madden’s global infrastructure will accelerate expansion efforts.
Regulatory Hurdles & Closing Timeline
The acquisition remains subject to regulatory approvals, though the companies have not disclosed which authorities will review the transaction. Steve Madden plans to finance the deal through a mix of cash and debt financing.
Legal and Financial Advisors
Travers Smith LLP and Foley & Lardner LLP are advising Steve Madden, with a team led by corporate partner Jon Reddington. Solomon Partners LP is serving as the company’s financial adviser.
Cinven is represented by Freshfields LLP, while BofA Securities is advising the private equity group. Kurt Geiger’s senior management is receiving counsel from Addleshaw Goddard LLP and financial advice from Kinmont.
As Steve Madden prepares to lace up its latest acquisition, all eyes will be on whether the footwear powerhouse can seamlessly integrate Kurt Geiger and leverage its international appeal to fuel future growth.
