The luxury footwear and accessories brand Kurt Geiger has attracted the interest of several potential buyers, including Alteri Investors, a firm known for specialising in turnaround businesses. The 61-year-old brand, which has been owned by private equity firm Cinven since 2015, is currently in the early stages of a potential sale. Sources suggest that the talks are not exclusive, leaving the door open for multiple bids as the company seeks a new owner.

Cinven has appointed the Bank of America to oversee the sale, which is valued at around 400 million British pounds (477.82 million euros). Several other buyout firms and luxury goods groups are reportedly considering offers, with Kurt Geiger’s recent performance piquing investor interest. Despite challenges across the luxury retail sector, the company reported a 10% rise in sales for the year ending in January, reaching profits of 40 million British pounds (47.78 million euros).

Alteri Investors’ involvement is particularly notable, as the firm has historically focused on distressed or underperforming companies. However, Kurt Geiger does not fit this typical profile, having achieved record profits and demonstrated resilience in a luxury market that has seen other brands, such as Burberry, decline. The company’s “affordable luxury” strategy has resonated well with consumers, keeping the brand competitive.

Kurt Geiger’s Chief Executive Officer, Neil Clifford, has led the business for over two decades and has been instrumental in its growth, particularly in expanding the brand’s presence in the United States. Its success in America, aided by high-profile celebrity endorsements, has been a key factor in its strong financial performance. The potential sale could raise questions about Clifford’s role post-acquisition.

As the sale process continues, it remains to be seen which bidder might ultimately take control of Kurt Geiger. Alteri’s involvement, among others, signals that Kurt Geiger is seen as a valuable asset with significant growth potential, particularly in international markets. Both Alteri and Cinven have not yet commented on the ongoing discussions.

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