Alteri Investors is reportedly interested in acquiring Kurt Geiger.
- Discussions between Alteri and Kurt Geiger’s owner, Cinven, are at an early stage.
- The footwear brand has been valued at £400 million.
- Kurt Geiger has posted record sales despite economic challenges.
- Alteri previously owned a significant stake in Missguided, which was later sold.
Retail investment firm Alteri Investors is reportedly in the initial stages of discussions to acquire footwear and accessories brand Kurt Geiger. These talks involve the current owner, private equity firm Cinven, and have been ongoing without exclusivity. The potential acquisition highlights Alteri’s strategic interest in expanding its portfolio within the fashion sector.
Sky News reports indicate that Kurt Geiger, a brand with a remarkable market valuation of £400 million, could soon see a change in ownership. This development follows Cinven’s appointment of Bank of America to manage an auction for the brand since October 2023.
Despite operating within a challenging economic environment, Kurt Geiger has achieved record sales, underscoring the brand’s resilience and robust market performance. Such performance metrics undoubtedly enhance its attractiveness to potential buyers like Alteri.
Previously, from December 2021 to June 2022, Alteri held a 50% ownership in Missguided, a fast fashion etailer, before its acquisition by Frasers Group for £20 million. This history of strategic investment decisions, including Alteri’s recent absence of comment on the current talks, suggests a calculated approach towards potential acquisitions.
The ongoing discussions between Alteri Investors and Cinven epitomize the dynamic nature of the retail investment landscape.
