Kurt Geiger goes for growth: UK luxury design firm signs £150m funding deal as it sets its sights on Europe and America
Expansion plan: Kurt Geiger agreed a deal with Wells Fargo Capital Finance UK and Blazehill Capital
Kurt Geiger has penned a £150million funding agreement as it sets its sights on international expansion.
The luxury British design company has agreed a deal 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 its 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 been on a mission recently to increase its presence across the Atlantic as it tries to broaden out the brand.
Dale Christilaw, chief finance officer at Kurt Geiger, said the fresh funding would provide ‘significant flexibility’.
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