London-based footwear and accessories retailer, Kurt Geiger, has secured a substantial funding package to support its ambitious plans for expansion in Europe and the US. The company, which is owned by private equity firm Cinven, currently operates over 70 standalone stores and more than 100 concessions. With the injection of funding, reported to be around £150 million, Kurt Geiger aims to strengthen its presence on the international stage. CEO Neil Clifford has set a clear objective for the company’s international business to be on par with its operations in the UK.

The positive growth trajectory of Kurt Geiger is undeniable, as its turnover increased by an impressive 22% to over £234 million in the year ending January. The UK market alone experienced a remarkable growth rate of 71%, while North America saw an astonishing surge of 236%. Kurt Geiger has also forged valuable wholesale partnerships with prominent retailers such as Dillard’s and Nordstrom.

Celebrating its 60th anniversary this year, Kurt Geiger has come a long way from its humble beginnings as a single shop on London’s Bond Street in 1963. Today, it stands as one of the leading high-end brands in the UK. In addition to its standalone stores, the company’s shoe concessions in renowned department stores like Harrods and Selfridges further cement its position as a major player in the luxury segment.

With the infusion of the new funding package, Kurt Geiger is well-positioned to continue its successful expansion and solidify its position as a respected luxury retailer in Europe and the US. The company’s impressive track record and strong partnerships provide a solid foundation for its future growth plans.

Useful links:
1. Kurt Geiger Official Website: Explore Kurt Geiger’s extensive range of premium footwear and accessories.
2. Cinven Official Website: Learn more about the private equity firm that owns Kurt Geiger.