Steve Madden to acquire Kurt Geiger for ~£289M cash

STEVEN MADDEN, LTD.

Enterprise value of approximately £289M in cash; expected close in Q2 2025.
Kurt Geiger estimated revenue of ~£400M for twelve months ended Feb 1, 2025.
Kurt Geiger brands include Kurt Geiger London, KG Kurt Geiger, Carvela; operates concessions in Harrods and Selfridges.
Acquisition funded with committed debt financing and cash on hand; board unanimously approved.
Positioned to expand international market, accessories categories, and direct-to-consumer channels.

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