UK's private equity firm Cinven has acquired luxury footwear company Kurt Geiger for 245 million pounds from Sycamore Partners.
Cinven said that Kurt Geiger represents an exciting opportunity to acquire one of the UK’s leading women’s footwear and accessories companies with significant international growth and consolidation opportunities.
Earlier this month, another shoe chain, Office Retail Group, was bought by the South African retailer Truworths for 256 million pounds.
In 2011, U.S. Sycamore Partners acquired Kurt Geiger from U.S. fashion group Jones.