Steve Madden To Acquire Kurt Geiger For $360M

Retail
Written By Rick Watson

Steve Madden is a shoe designer and brand that sells footwear, accessories, and apparel. The company is based in Long Island City, New York.

Kurt Geiger is a British luxury brand that sells footwear and accessories. The brand is known for its fashion-forward designs and focus on quality.

Steve Madden has to acquire Kurt Geiger London from a group led by private equity firm Cinven for 289 million pounds ($360.09 million). The transaction will be funded with committed debt financing and cash on hand, it will immediately add capital to Steve Madden's bottom line, and it aligns with initiatives of expanding in international markets, accessories categories, and complementary direct-to-consumer channels.

Nasdaq: Steve Madden To Acquire Kurt Geiger For GBP 289 Mln In Cash

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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