Shoe retailer Kurt Geiger has been acquired by the Jones Group, a designer, marketer and wholesaler of apparel and accessories, for $350 million (£215 million). Neil Clifford will continue as chief executive officer at the helm of the Kurt Geiger management team. Rebecca Farrar Hockley remains buying and creative director and Dale Christilaw continues as finance director.
Following the release of its financial results yesterday and the news that ASOS is to open three more country-specific websites this fiscal year, it is now rumoured that China is the etailer’s next target. According to the Guardian, opening up in China is now “not a question of if but when,” said chief executive, Nick Robertson.
Group-buying website Groupon has filed to go public with the aim of raising $750 million (£459 million). The Chicago-based company, founded in 2008, now employs some 7,000 people and offers more than 1,000 daily deals to 83 million subscribers across 43 countries. To date, said a company statement, it has sold more than 70 million of its special-offer coupons or “Groupons” as they’re known.
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