Steven Madden completes Kurt Geiger acquisition; acquired co. had $512M revenue, $52M net loss in FY2025

STEVEN MADDEN, LTD.

Acquired Kurt Geiger (Mercury Acquisitions Topco) for undisclosed amount; deal closed May 6, 2025.
Kurt Geiger FY2025 (ended Feb 1, 2025): revenue $511.8M, gross profit $278.8M, net loss $52.0M.
Acquired entity had $456.3M in total assets; $496.0M in shareholder loans and $83.3M long-term debt.
Kurt Geiger operating income was $24.0M but $68.6M interest expense drove net loss; goodwill $99.7M.
Geographic revenue: UK $268.3M, North America $188.5M, Europe $43.5M, Rest of World $11.5M.

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