Kurt Geiger secures £150m package to support international roll-out
Kurt Geiger has secured a new funding package, estimated to be worth around £150m, to refinance its debt and support its international growth ambitions.
The funding facilities have been provided by UK private credit fund Blazehill Capital alongside the UK capital finance arm of US banking giant Wells Fargo.
Founded in 1963, footwear and accessories brand Kurt Geiger now operates over 70 stores and trades through over 100 department store concessions.
Now the brand has set its sights on further expansion in Europe and North America, having already secured wholesale partnerships with leading US retailers including Dillard’s and Nordstrom.
Kurt Geiger’s chief financial officer, Dale Christilaw, said the combined facilities will provide “significant flexibility” to accelerate its expansion.
Jake Hyman, head of Originations, Blazehill Capital, said: “Unlocking additional liquidity for such an established business is a great example of what we’re trying to achieve at Blazehill Capital. Kurt Geiger’s continued success is testament to an impressive management team with a dynamic approach to growth, and with this new funding package the company can now continue to expand its global footprint.”