The owner of upscale shoe specialist Kurt Geiger is mulling a £450m sale of the retailer to a US fashion group.
Private equity house Cinven has held informal “fireside chats” with possible buyers of Kurt Geiger, The Telegraph reported.
US fashion giants including Steve Madden, Michael Kors and Coach are among those that have been involved in early discussions about a deal.
Kurt Geiger was acquired by Cinven four years ago for £245m from another private equity firm, Sycamore Partners.
In 2017 the retailer generated sales of £330m – a 12% increase. Under Cinven’s control, Kurt Geiger has expanded its international reach and become less reliant on the UK market.
The retailer, which was established in 1963, has more than 320 stores and concessions, including in Harrods and Selfridges, and employs about 1,300 people.
It has become popular among celebrities, and the Duchess of Sussex wore its Violet boots on her first official Royal outing.
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