Steve Madden acquires Kurt Geiger for $360 million

Steve Madden has announced its acquisition of UK-based Kurt Geiger for approximately £289 million ($360 million), with the deal expected to close in the second quarter of 2025, pending regulatory approvals. This strategic purchase aims to enhance Madden's portfolio, which already includes brands like Dolce Vita and Betsey Johnson, and aligns with its focus on expanding in international markets and direct-to-consumer channels. Kurt Geiger, which has seen significant growth since being acquired by Cinven in 2015, reported annual sales of £360 million, with the U.S. becoming its largest market. Both companies' executives expressed optimism about the partnership, citing Kurt Geiger's unique brand image and strong growth potential. Steve Madden's CEO highlighted the complementary nature of the acquisition, noting Kurt Geiger’s success across multiple product categories, particularly handbags. The acquisition reflects Madden’s ongoing commitment to enhance its brand presence in the fashion accessories market.