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Geiger Sells To Geiger

Facing upheaval from an unknown buyer, Kurt Geiger welcomes ownership from inside the company, reassuring no change to the mega-brand.

Source: Kurt Geiger

As one of the most widespread brands in shoes, the news that Kurt Geiger were selling up was bound to predict trouble. Rebranding, changes in designers, further changes…who knows? But ahead of the news that Geiger has sold, not to another chain, but to an associate collective formed by Geiger’s CEO Neil Clifford, consumer’s can be confident of the brand’s regeneration.

The brand was sold earlier this month to a US private Equity group, Sycamore Partners, they decided to split the brand in order to be supported by senior Kurt Geiger employees. Clifford expressed his support for Sycamore, stating:

 “We are thrilled to be supported by Sycamore Partners, which has extensive retail experience and a proven history of partnering with management teams.”  

Clifford’s latest move signals a strong progression in ownership of the brand and increasing control over the company assets. Having completed a £46 million buyout of the brand in 2005, then again in 2008, Clifford’s confidence for the future of Kurt Geiger is unwavering. 

We believe that our company has tremendous potential for growth in the UK and internationally, and we will continue to invest in new opportunities alongside our department store and brand partners,” Clifford said. 

“Our company is passionate about product, and we will carry on our legacy of offering the most exciting and innovative footwear, bringing the creativity of British design talent to a global audience.”

For some Kurt Geiger Summer style inspiration, head over to http://www.kurtgeiger.com/. 

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