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Profits double at Kurt Geiger

Footwear chain Kurt Geiger doubled its EBITDA for the year to 31 December 2015, to £20.4m.

Kurt Geiger

Kurt Geiger

Turnover at the footwear retailer was up 10% year on year to £281.6m, while operating profit jumped 50% to £22.3m.

These are Kurt Geiger’s first results since it was sold to European private equity group Cinven. The sale, which followed months of speculation, was announced last December and completed in February.

Cinven is Kurt Geiger’s third owner in four years. The company was previously owned by private equity firm Sycamore, but completed a management buyout in April 2014.

Kurt Geiger has more than 70 stores in the UK and overseas and over 170 concessions in department stores around the world.

 

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