{"id":10690,"date":"2023-10-18T06:07:22","date_gmt":"2023-10-18T06:07:22","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/kurt-geiger-owner-mulls-400m-sale-of-the-luxury-brand\/"},"modified":"2023-10-18T06:07:22","modified_gmt":"2023-10-18T06:07:22","slug":"kurt-geiger-owner-mulls-400m-sale-of-the-luxury-brand","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/kurt-geiger-owner-mulls-400m-sale-of-the-luxury-brand\/","title":{"rendered":"Kurt Geiger owner mulls \u00a3400m sale of the luxury brand"},"content":{"rendered":"

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The parent company of Kurt Geiger is preparing to hoist a \u2018for sale\u2019 sign above the luxury retailer, with a \u00a3400m price tag.<\/p>\n

According to Sky News, private equity firm Cinven has hired advisors at Bank of America to handle a potential auction.<\/p>\n

Sources told the publication that the sale process was expected to take place in the coming months and could attract interest from other buyout firms and luxury goods groups.<\/p>\n\n

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It comes as Kurt Geiger, which has been owned by Cinven since 2015, is currently embarking on a US expansion of standalone stores to sit alongside its wholesale partnerships with Dillard\u2019s and Nordstrom.<\/p>\n

The retailer announced a \u00a3150m debt deal in June to fund its strategy and refinance its existing borrowings.<\/p>\n

Late last month,\u00a0Kurt Geiger unveiled its new 2,916sq ft Oxford Street flagship store featuring a novel concept that \u201ccelebrates London\u2019s creativity and individuality\u201d.<\/p>\n

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