Shoe Brand Kurt Geiger Was Bought By Cinven For $372 Million.

It is understood that

Kurt Geiger was bought by Cinven for $372 million.

According to the data disclosed, a profit report released by the Brand Company shows that the turnover of Kurt Geiger brand is roughly 230 million pounds.

The purchase led by European private equity firms represents Cinven's first investment in the fashion industry.

Previously, Sycamore Partners bought Kurt Geiger while buying The Jones Group.

The representative of Sycamore Partners declined to comment.

Insider sources who know the deal say that Cinven plans to make a statement on Monday morning local time.

With the termination of the Jones acquisition, the two well-known Stuart Weitzman and Kurt Geiger in the fashion industry

They are all acquired by capital institutions.

Kurt Geiger has been listed on the sale list for a while. The US private equity firms has sold Stuart Weitzman to Coach earlier this year.

Just like the famous shoes such as red shoe Christian Louboutn Louboutin, morrow benerac Blahnik, Zhou Yangjie Choo and so on, the British high-end shoe retailer Kurt Geiger has also been sought after by many stars, and a pair of Kurt Geiger has also become a landscape on the red carpet.

How did the brand move from London to Hollywood? Brand spokesman pointed out that the shoes of this brand are not as easy to wear as the heels of other brand shoes.

Instead, it has carefully designed the metal to keep the shoes practical.

At the same time, its style is very new, and it is very comfortable to wear, so it is very popular.

According to relevant data, a profit report released by the Brand Company shows that the turnover of Kurt Geiger brand is roughly 230 million, and the proportion of electricity supplier income is about 30%.