Kurt Geiger’s parent company Cinven is reportedly setting its sights on selling the luxury footwear and accessories retailer.
Private equity investment firm Cinven is working with advisers at The Bank of America on a “prospective auction of the brand”, according to Sky News.
It is reported that a sale process could begin in the coming months. Luxury goods competitors and buyout firms are expected to show an interest in acquiring Kurt Geiger.
Cinven first acquired the premium footwear brand from Sycamore Partners in December 2015 in a deal which was worth £245m.
The announcement comes as Kurt Geiger announced in June this year that it had secured fresh funding to “refinance its existing debt” and support its international growth strategy.
With the support of the new funding package, led by Wells Fargo and Blazehill Capital, the company remains focused on “increasing its presence overseas”.
Retail Week has approached Kurt Geiger for a comment. Cinven declined to comment.
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