Kurt Geiger set for international expansion following new funding package
Premium footwear brand Kurt Geiger has secured a new funding package to refinance its existing debt and support international expansion.
Owned by private equity firm Cinven, the brand has agreed a deal with Wells Fargo Capital Finance UK and Blazehill Capital.
Founded in 1963, Kurt Geiger opened its first store on London’s Bond Street and has been based in the capital ever since. The company now has over 70 stores and over 100 concessions in department stores, including Harrods and Selfridges. In addition to footwear, the brand offers a range of handbags, jewellery, sunglasses and other accessories.
Kurt Geiger has recently been increasing its presence overseas and currently has wholesale partnerships with retailers in the US, including Dillard’s and Nordstrom.
Dale Christilaw, chief financial officer of Kurt Geiger, said: “The combined facilities will provide significant flexibility to accelerate our expansion across North America and Europe. Big thanks to all involved.”
