Steve Madden to Acquire Kurt Geiger for $360 Million-February 2024-www.financetom.com

Steve Madden to Acquire Kurt Geiger for $360 Million

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Steve Madden to Acquire Kurt Geiger for $360 Million

Feb 13, 2025 6:20 AM

08:45 AM EST, 02/13/2025 (MT Newswires) -- Steve Madden (SHOO) said Thursday it agreed to acquire UK-based Kurt Geiger from a group led by private equity firm Cinven for an enterprise value of about 289 million pounds ($360.2 million) in cash.

The company said it would fund the acquisition through committed debt financing and cash on hand, adding the transaction is expected to close in Q2 2025.

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