Kurt Geiger has secured a £150m funding deal as it sets its sights on Europe and America.
Wells Fargo rides to the rescue.
Kurt Geiger, the renowned luxury British design company, has secured a funding agreement worth £150 million in its ambitious pursuit of international expansion.
The company has successfully struck a deal with Wells Fargo Capital Finance UK and Blazehill Capital, aimed at refinancing its existing debt and facilitating growth in both Europe and North America.
Having opened its inaugural store on London's prestigious Bond Street in 1963, Kurt Geiger has maintained its headquarters in the capital ever since. The company is currently under the ownership of private equity firm Cinven.
In recent times, Kurt Geiger has been steadfast in its mission to enhance its presence across the Atlantic, striving to establish a broader brand footprint.
The newly acquired funding provides the company with substantial flexibility, as highlighted by Dale Christilaw, the chief finance officer at Kurt Geiger, said the fresh funding would provide ‘significant flexibility’.
This financial boost will undoubtedly support the company's strategic plans for expansion, enabling it to explore and capitalise on new opportunities in key international markets.