Steve Madden to acquire Kurt Geiger from Cinven for £289m.

Steve Madden, designer and marketer of fashion footwear, accessories and apparel, agreed to acquire Kurt Geiger, a footwear company, from Cinven, a private equity firm, for £289m. “With this acquisition, we are excited to add Kurt Geiger London, a brand that has exhibited exceptional growth over the last several years. Kurt Geiger London’s unique brand image, high-quality and statement-making styles and compelling value proposition have driven success across multiple product categories, led by handbags. Its differentiated and elevated positioning within the market – and its alignment with our strategic initiatives of expanding in international markets, accessories categories and direct-to-consumer channels – make this a highly attractive and complementary addition to our portfolio,” Edward Rosenfeld, Steve Madden Chairman and CEO.