According to news, several businesses, including Alteri Investors, which was backed by global private equity firm Apollo Management when it was established a decade ago, are in negotiations to purchase the 61-year-old footwear brand.
This past weekend, city sources stated that the conversations were in their early stages and were not exclusive.
Many other companies are also putting in bids for Kurt Geiger. The private equity firm Cinven has controlled the brand since 2015.
Paris Hilton, Jennifer Lopez, and Kylie Jenner are reportedly among the brand’s famous clientele.
News reported in October of last year that Cinven had designated Bank of America to supervise the retailer’s sale.
would Banking sources stated at the time that they anticipated the company will bring in about £400 million.
What kind of valuation a deal that Alteri was discussing would fetch was unknown.
Kurt Geiger is reportedly the target of acquisition bids from luxury goods companies and other buyout firms in recent months.
Kurt Geiger was established in 1963, and its longstanding CEO, Neil Clifford, is in charge of it.
In order to achieve significant growth in the US, the brand—which was previously backed by another private equity firm, Sycamore Partners—plans to open a chain of standalone stores.
