Luxury shoe retailer snapped up in £46 million MBO
Luxury footwear retailer Kurt Geiger has been acquired in a management-led buy-out backed by Barclays Private Equity.

The partners have paid Harrods Group£46 million for the business. Barclays Private Equity has taken a 72 per cent stake in the business alongside the management team.

Kurt Geiger is a recognised brand internationally and the business operates through a network of more than 100 department store concessions, including Harrods, Selfridges and House of Fraser, as well as standalone stores.

'Our strategic objective is to be internationally recognised as the most successful luxury shoe retailer,' said Kurt Geiger chief executive officer Neil Clifford.

'Our company has been taking great steps forward and we believe that this partnership with Barclays Private Equity will enable our business to continue its growth, as the deal provides us with the perfect platform for future success.'