ICON 1 - Page 62

Kurt Geiger maintains sales momentum in spite of ownership changes

British footwear label Kurt Geiger has managed to hold on to its sales momentum despite changing ownerships three times over the last four years. According to its first financial update since its current owners took over - private equity group Civen acquired Kurt Geiger last December - the footwear retailer has managed to double operating profit and increase its turnover to 281.6 million pounds for its fiscal year 2015.

Founded in 1963 by Kurt Geiger, the brand has grown throughout the UK and currently operates over 70 stand alone stores around world as well as more than 170 concessions at high end departments stores such as Brown Thomas, Arnotts and Debenhams.

https://fashionunited.uk/news/business/kurt-geiger-maintains-sales-momentum-in-spite-of-ownership-changes/2016101322095

NEWS