Premium footwear brand Kurt Geiger’s pre-tax profits jumped 242% to £11.3m for the year on the back of surging sales.

Sales at the retailer increased 15.4% to £251.8m for the year ending December 31, 2014.

The group, which has 180 stores and concessions worldwide, reported EBITDA of £21.3m, up from £15m the previous year.

The retailer is owned by Sycamore Partners following a $1.2bn (£785m) management buy-out last year year, which saw it split from former parent company The Jones Group.

The strong results came as private equiry firm Lion Capital is reported to be circling the brand for a possible acquisition.

Lion Capital, the former owner of designer footwear brand Jimmy Choo, is reported to have made a first round offer for the retailer. It is not clear which other business have made an offer.