Private equity firm Lion Capital has thrown its hat into the ring to acquire footwear business Kurt Geiger.

Lion Capital, the former owner of designer footwear brand Jimmy Choo, is one of a number of bidders to have made a first round offer for the high street retailer. It is understood it values the company at around £250m, according to Sky News.

It is unclear which other businesses have made a play for the retailer.

Kurt Geiger, which operates about 180 stores and concessions worldwide, appointed Goldman Sachs earlier this year to explore its options, including offloading part or the entire business, and launch an IPO.

The business is owned by Sycamore Partner following a management buyout last year, resulting in the business splitting from its owner The Jones Group. The deal was worth $1.2bn (£733m).

Kurt Geiger reported a 9% increase in sales over the year to December 23 to reach £230m. Online sales in December jumped 90% year on year.

Lion Capital bought Jimmy Choo in 2004 for £100m before selling it three years later for £225m.

Lion Capital could not be reached for comment.