All Kurt Geiger articles
-
News briefs
Cinven may put Kurt Geiger up for sale
The private equity Cinven is working with its adviser Bank of America on a potential auction for Kurt Geiger, according to Sky News, adding that the sale process could start in the coming months. Cinven could be seeking to raise £400 million (€460m) in the sale. Cinven bought the British ...
-
News briefs
Kurt Geiger opens Oxford Street store
Kurt Geiger has opened a 2,916 square-foot store on the corner of Oxford Street and Holles Street in London. The British footwear and accessories brand is also planning the opening of stores in the Americas over the coming months. In October, the brand will open three stores in Mexico with ...
-
News briefs
Kurt Geiger obtains new funding for international expansion
Kurt Geiger has secured a new financial facility to refinance its debt and accelerate its international expansion. The package was provided by Wells Fargo Capital Finance UK and Blazehill Capital. Media reports indicate that the deal could be worth about £150 million (€170m). “The combined facilities will provide significant flexibility ...
-
Article
Golden Goose ranks among the fastest growing luxury goods brands
Golden Goose, the Italian producer of luxury sneakers, ranked third among the 20 fastest growing luxury goods companies over the past three years, according to Deloitte’s report Global Powers of Luxury Goods 2022. In the 2021 fiscal year, Golden Goose’s estimated revenues were $456 million, up by 45.0 percent from ...
-
News briefs
Kurt Geiger plans to open 13-15 stores in 2022
Kurt Geiger plans to open a new shop every month this year as the British luxury footwear and accessories retailer gains clients, the chief executive Neil Clifford told the daily The Times. This could result in the opening of 13-15 Kurt Geiger stores this year, the highest number since 2008. ...
-
Article
Kurt Geiger extends financing facilities to 2024
On June 10, Kurt Geiger extended the terms of its bank loan, capital investment and revolving facilities to Feb. 19, 2024, according to the company’s financial statements filed with the British registrar of companies, Companies House. As part of the arrangement, covenants were rebased to take into account the impact ...
-
News briefs
Kurt Geiger hires a chief merchant of luxury
The British luxury footwear and accessories retailer Kurt Geiger has hired Helen David as chief merchant of luxury. David was previously chief growth officer at the London-based fashion house Ralph Russo . Prior to that she was chief merchant at the London luxury department store Harrods . ...
-
News briefs
Shoeaholics opens a huge store in London
Shoeaholics , the discount brand of the British luxury footwear and accessories retailer Kurt Geiger , has opened a 25,000 square feet store in the Westfield London shopping center, located in White City, in west London. It claims that it is the largest footwear store in the U.K. ...
-
News briefs
Kurt Geiger was growing mildly before the pandemic
Kurt Geiger enjoyed a 3.7 percent increase in revenues to £347 million (€304.6m-$480.2m) in the financial year ending Feb. 1, 2020, the month before the Covid-19 pandemic broke out in the U.K., according to documents filed with the British registrar of companies, Companies House . Comparable sales growth ...
-
Article
Kurt Geiger plans 500 job cuts over U.K. plan to drop tax-free shopping
Kurt Geiger , a luxury footwear and accessories retailer, plans 500 job cuts, affecting over a quarter of its workforce, early next year after the British government announced that it would abolish tax-free shopping on Dec. 31. The standard value-added tax (VAT) is 20 percent in the U.K. In ...
-
News briefs
UK e-tailer Shoeaholics opens six stores
Shoeaholics , the discount footwear and accessories e-commerce site owned by the British upmarket footwear retailer Kurt Geiger , is opening its first six pop-up stores in the U.K, including one on London’s Oxford Street. The site enjoyed a surge in revenues during the coronavirus-related lockdown and wants to ...
-
Article
English retailers reopen in a climate of caution
Non-essential stores reopened in England on June 15 amid concern that consumers will be absent, as a majority of people, 54 percent, remain opposed to the reopening. They are particularly reluctant to returning to shopping centers.