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Kurt Geiger signs deal with Nordstrom

Premium footwear retailer Kurt Geiger is to begin wholesaling in the US via a deal with department store group Nordstrom.

The retailer, which already operates three standalone stores in New York, San Francisco and California, and sells through its US website, is targeting $100m (£65.3m) in US sales over the next three years, for which the deal with Nordstrom was a “significant step” in its expansion strategy.

The Kurt Geiger London, KG Kurt Geiger and Carvela labels will be sold in 10-20 Nordstrom stores from autumn 13, as well as online via Nordstrom.com.

In June 2011, Kurt Geiger was sold by private equity backer Graphite Capital to US retail giant Jones Group for £215m.

At the time, chief executive Neil Clifford said the move would give Kurt Geiger a foothold in the US market.

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