Footwear retailer Kurt Geiger has completed a management buyout led by chief executive Neil Clifford.
Clifford and the management team are all investing and will hold a “significant stake” in the company.
The deal is supported by private equity firm Sycamore Partners, which acquired Kurt Geiger parent company, The Jones Group, in December.
The move will secure the future growth and development of the business, which has been the subject of speculation since the sale of The Jones Group.
Clifford said Kurt Geiger will continue to invest in “new opportunities” with its department store and brand partners.
He added: “We believe our company has tremendous potential for growth in the UK and internationally. Our company is passionate about product, and we will carry on our legacy of offering the most exciting and innovative footwear, bringing the creativity of British design talent to a global audience.”
Kurt Geiger operates in more than 180 multi-brand footwear concessions in UK and international department stores, including Harrods, Selfridges, House of Fraser, John Lewis, Debenhams, David Jones and Myer.
It also sells its own footwear brands, including Kurt Geiger London and Carvela, in more than 70 standalone stores worldwide.