Kurt Geiger is targeting UK growth after completing a management buyout and splitting from its owner The Jones Group.
Kurt Geiger’s management buyout was backed by private equity firm Sycamore Partners, which owns the Jones Group, after it completed the acquisition last week in a deal worth $1.2bn (£733m).
Jones Group owns brands including shoe brand Stuart Weitzman, Jones New York and Anne Klein.
Luxury shoe brand Kurt Geiger, which operates 180 concessions and stores across the world, is being led by chief executive Neil Clifford.
Clifford said: “We are thrilled to be supported by Sycamore Partners, which has extensive retail experience and a proven history of partnering with management teams.
“We believe our company has tremendous potential for growth in the UK and internationally, and we will continue to invest in new opportunities alongside our department store and brand partners.
“Our company is passionate about product, and we will carry on our legacy of offering the most exciting and innovative footwear, bringing the creativity of British design talent to a global audience.”
Clifford and other members of the management team are reinvesting in the company and will hold a “significant stake” in the business.
Sycamore Partners managing director Stefan Kaluzny said: “We have great respect for Kurt Geiger’s strong and dedicated management team, deep history of partnership with exceptional department stores, and its own distinctive portfolio of footwear brands. The company has great potential for growth, and we look forward to working with Neil and the Kurt Geiger team to help position the business for long-term success.”