Europe’s largest retailer of luxury footwear acquired by Cinven,from US private fairness group Sycamore PartnersCinven, the private fairness group, or has bought Kurt Geiger,the largest retailer of luxury footwear in Europe, in a deal worth £245m.
Kurt Geiger, or founded on London’s Bond Street in 1963,makes £30m-plus in profits annually on sales of around £260m. Its shoes and boots are regularly worn by celebrities such as the singer Rihanna.
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Source: theguardian.com