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Steve Madden Expands Luxury Footprint with $360M Acquisition of Kurt Geiger

In a bold move to enhance its presence in the luxury footwear market, New York-based shoe designer Steve Madden has announced the acquisition of UK premium brand Kurt Geiger for $360 million in an all-cash deal. The acquisition, set to be finalized in the second quarter of 2025, marks a strategic expansion for Steve Madden, positioning the company within high-end UK retail spaces.

Steve Madden is well known for its trendy and fashion-forward shoe designs, and the company already owns popular brands such as Dolce Vita and Betsey Johnson. The acquisition of Kurt Geiger allows Madden to access the UK’s competitive luxury market, where Kurt Geiger has established itself as a dominant force through its signature lines, KG Kurt Geiger and Carvela.

According to Steve Madden’s CEO, combining Kurt Geiger’s reputation for quality craftsmanship with Madden’s global influence creates a strong synergy for growth. “Kurt Geiger has built a strong identity both in the UK and internationally. Their emphasis on quality and craftsmanship is a perfect fit for our expansion into the luxury market,” the CEO stated.

A key advantage of this acquisition is Kurt Geiger’s established presence in prestigious UK department stores such as Harrods and Selfridges. This gives Steve Madden a direct entry into premier luxury retail spaces that previously would have required years of effort to penetrate. The transition also marks a major shift for Kurt Geiger, which has been owned by private equity firm Cinven since 2015.

The timing of this acquisition aligns with Kurt Geiger’s strong financial performance. For the 12 months ending February 1, 2025, the company is expected to generate approximately GBP 400 million in revenue, demonstrating its solid financial standing. From Steve Madden’s perspective, the purchase is backed by strategic financial planning, leveraging a mix of available cash reserves and debt financing. In 2024, Steve Madden projected $2.25 billion in revenue, and this latest acquisition could further accelerate its global growth.

Beyond financial and retail benefits, global trade dynamics are influencing Madden’s decisions. Following the recent reelection of Donald Trump as U.S. president, the company is reassessing product sourcing strategies. With potential tariff adjustments and trade policy shifts on the horizon, Steve Madden is opting to reduce its dependence on China for manufacturing.

This acquisition sets the stage for potential collaborations between these two powerhouse brands. By blending Steve Madden’s bold American aesthetic with Kurt Geiger’s refined European craftsmanship, both brands can expand their consumer appeal. Additionally, Kurt Geiger could see increased exposure in the U.S. market as Madden integrates the label into its expanding retail network.

Fashion enthusiasts can look forward to an exciting evolution in luxury footwear as the deal unfolds. The combination of American innovation and British sophistication is expected to bring a fresh perspective to the industry. With this calculated move, Steve Madden is signaling its commitment to growth and its readiness to compete in the luxury fashion sector.

As the acquisition moves forward, customers can expect new designs, expanded retail opportunities, and a dynamic fusion of two stylish footwear brands. Whether fans gravitate toward Madden’s edgy styles or Geiger’s elegant craftsmanship, this partnership is sure to make a lasting mark on the global fashion scene.