Translated by
Nicola Mira
Published
October 24, 2024
Kurt Geiger is making a stylish appearance at Galeries Lafayette Haussmann, while rumours are rife about its acquisition. After opening a pop-up store in the Parisian department store’s Champs-Élysées branch in spring, the British footwear and leather goods label has inaugurated a glittering pop-up store in the midst of the Galeries Lafayette flagship’s ground floor. Kurt Geiger is present in 18 Galeries Lafayette branches.
At Galeries Lafayette Haussmann, Kurt Geiger is featured in the shop windows and has installed a highly colourful pop-up space, open until November 13 and showcasing its collections of high-end handbags, like the Kensington. The pop-up store’s look is reminiscent of the stained glass and gilded atmosphere of Kurt Geiger’s 300-square-metre London flagship.
Kurt Geiger currently operates 77 monobrand stores worldwide, and is planning another dozen openings. For fiscal 2023, the label reported a revenue growth of 45%, with in-store sales improving by 12%. A few weeks ago, Kurt Geiger said its fiscal 2024 sales have posted a 35% increase so far. France is notably underpinning Kurt Geiger’s international business, with French sales for the British label founded in 1967 increasing by 120% in two years. The label is also booming on the North American market, where sales jumped by 171%, and have doubled in the last five months.
Kurt Geiger has reportedly generated a revenue of £361 million, and its buoyant health is attracting investor interest. In September, the UK media hinted that the label’s owners since 2015, London-based private equity firm Cinven and its management team, could be open to negotiations. The name of Alteri Investors was floated as a possible buyer, and the amount mentioned was in the order of £400 million.
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