Luxury footwear and accessories retailer Kurt Geiger has secured fresh funding in a bid to “refinance its existing debt” and support its international growth plans.
Kurt Geiger’s funding is being led by Wells Fargo Capital Finance UK and Blazehill Capital, and the fashion retailer confirmed its plans to “bolster its international arm” with the support of the new funding package.
The announcement comes as the luxury brand, which currently has a total store estate of more than 70, recently prioritised “increasing its presence overseas”.
Kurt Geiger’s expansion plans follow its recent efforts to expand beyond its “signature footwear offering” to include jewellery, sunglasses and other accessories.
Kurt Geiger chief financial officer Dale Christilaw said: “The combined facilities will provide significant flexibility to accelerate our expansion across North America and Europe. A big thanks to all involved.”
No comments yet