Kurt Geiger goes for growth: UK design firm signs £150m funding deal
Kurt Geiger goes for growth: British luxury design firm signs £150m financing deal as it sets its sights on Europe and America
Expansion Plan: Kurt Geiger has signed a deal with Wells Fargo Capital Finance UK and Blazehill Capital
Kurt Geiger has secured a £150 million financing deal as it sets its sights on international expansion.
The luxury British design firm has reached an agreement with Wells Fargo Capital Finance UK and Blazehill Capital to refinance its existing debt and grow in Europe and North America. Founded in 1963, Kurt Geiger opened his first store on London’s Bond Street and has been based in the capital ever since.
It is now owned by private equity firm Cinven.
Kurt Geiger has recently been on a mission to increase his presence across the Atlantic as he tries to expand the brand.
Dale Christilaw, chief finance officer at Kurt Geiger, said the new financing would provide “significant flexibility.”