What if Kurt Geiger was on sale? Auction base 450 million pounds. Madden, Capri and Tapestry are interested

Kurt Geiger is for sale for 450 million pounds. Steve Madden, Capri Holdings and Tapestry are among the possible buyers. According to The Telegraph, the owner of the British footwear and accessories chain, the private equity firm Cinven, is thinking about selling its assets, bought at 245 million pounds in 2015. At the moment rumours refer of informal talks with potential buyers. Kurt Geiger currently has over 320 stores and concessions (including Harrods and Selfridges) and employs approximately 1,300 employees. The company is not living a crisis: on the contrary, considering the difficult context of European retail, and in particular of that of the United Kingdom, based on the latest data, it has expressed rather satisfactory financial statements. The only shadow: analysts had expressed some doubts about its possible further growth.

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