In the latest development in the fashion retail sector, Freshfields is advising private equity firm Cinven in its divestment of the iconic UK shoe brand Kurt Geiger. The brand, known for its fashionable offerings since its first store opening in Bond Street in 1963, has been sold to the US-based Steve Madden. This acquisition, valued at approximately £289 million, expands Steve Madden’s global footprint. Travers Smith also contributed to the legal counsel on this transaction.
The move is notable as Kurt Geiger operates through a significant network of 70 global stores, emphasizing Steve Madden’s strategic growth ambitions. For more details on the transaction, access the full article on Law.com.