The British retailer of footwear Kurt Geiger changed hands for the third time in four years. The private equity group Cinven acquired the brand for a figure that has not been revealed but which, according to journalistic indiscretions, should be about 245 million pounds (about 340 million euro) from Sycamore Partners.
Sycamore partners had got hold of Kurt Geiger in April 2014, by detecting, in turn, by the previous owner Jones apparel group. Cinven for Kurt Geiger is the first acquisition in the context of the accessories: the private equity group has in its portfolio brands PizzaExpress, the group specialized in William Hill betting and Fitness First club. Kurt Geiger operates in 80 countries and produces annual sold for 260 million pounds.