Kurt Geiger owner Cinven has entrusted the Bank of America to oversee a sale of the footwear retail specialist. It is being reported that bids for Kurt Geiger which generated a profit of £40m for the year to February ’24, are being fielded and include interest from Alteri Investors.
This comes as the luxury end of the apparel and footwear market has been experiencing tough trading conditions with consumers switching from truly high-end brands to those which are on trend but much more affordable.
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